Off the wire
• France's inflation slightly up in April  • 3rd LD-Writethru-China Focus: China's industrial output speeds up amid slowing economy  • Foreign exchange rates in India  • Maldivian opposition seeks international intervention to free ex-president  • China approves 7 more RQFII, QFII investors  • Authorities refute Beijing contaminated strawberry rumor  • Pay tax or close down, Laos' businesses told  • Singapore stocks close 0.31 pct higher  • Iran pledges help in Iraq's anti-terror efforts, backs "real" truce in Yemen  • Foreign exchange rates in Singapore  
You are here: 　 Home

Cambodia's garment exports up 11 pct in Q1

Xinhua, May 13, 2015 Adjust font size:

Garment industry, Cambodia's largest foreign currency earner, reported an 11 percent rise in exports in the first quarter of 2015, according to the figures of the Ministry of Commerce on Wednesday.

The country exported apparel products in equivalent to 1.73 billion U.S. dollars during the January-March period this year, up 11 percent from 1.56 billion U.S. dollars over the same period last year, the figures said.

Garment products, accounted for 80 percent of the country's total exports, have been mainly sold to the European Union, the United States, and some Asian countries, particularly China, South Korea, and Japan.

During the first quarter of this year, apparel exports to EU increased 16 percent to 680 million U.S. dollars, to the U.S. decreased 1 percent to 537 million U.S. dollars, and to other countries rose 21 percent to 521 million U.S. dollars.

Kaing Monika, deputy secretary general of the Garment Manufacturers Association in Cambodia (GMAC), predicted that the sector would see higher growth for the rest of the year thanks to production increase as strikes over wages ended. Endi