Cambodian Garment Export $2.4 Billion In The First Quarter Of 2021
According to the statistics of the Ministry of Finance and economics of Cambodia, in the first quarter of 2021, the export value of ready-made clothes, shoes and travel goods was $2.4 billion, down 10% year-on-year. The Ministry of labor and vocational training of Cambodia and the garment manufacturers association of Cambodia (GMAC) appeal to the buyers and other stakeholders to understand that the shutdown caused by the closure of the city in Cambodia resulted in the delay in the delivery of clothing products, and the buyers are requested to exempt from the penalty.
Due to the expansion of the epidemic caused by the infection incident in the community on February 20, the Cambodian government announced on April 14 that a two-week blockade of Phnom Penh from April 15 to May 5 was implemented to curb and prevent the spread of the new crown epidemic. Spokesman hengm sour said the Ministry of foreign affairs and relevant parties have been working together to call on international buyers to show flexibility and understand the plight of Cambodia's garment industry.
The Cambodian Garment Manufacturers Association (GMAC) said that as soon as the situation of Xinguan epidemic situation improved, the whole production chain would be in normal operation. Due to respect for the government's blockade measures, the whole production chain would be shut down. Once the production chain was restarted, it would be able to provide products as soon as possible. It is reported that Cambodia's export volume in this field will reach 9.5 billion U.S. dollars in 2020, which is lower than that of last year's US $10.6 billion.
(source: Jinqiao textile net)
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