Cambodia News Gazette

cambodianewsgazette

Business

Cambodia’s int’l trade drops 13 pct in H1 of 2023

Cambodia registered 23.69 billion U.S. dollars in its international trade during the first half of 2023, down 13 percent from 27.24 billion dollars in the same period last year, said an official report released Monday.

The country’s total export was valued at 11.46 billion dollars during the January-June period this year, up 0.8 percent year-on-year, and total import was recorded at 12.23 billion dollars, down 22.9 percent, according to the report of General Department of Customs and Excise (GDCE).

The report showed the Southeast Asian country exported garment, footwear and travel goods products worth 5.26 billion dollars in the first half of this year, down 18.7 percent from 6.47 billion dollars in the same period last year.

Garment, footwear and travel goods industry is the largest foreign exchange earner for Cambodia. The sector consists of roughly 1,100 factories and branches, employing about 750,000 workers, mostly female, across the country.