Cambodia’s Apparel Exports To South Korea Grew 14% More In 2022
Cambodia’s apparel exports increased to 14.37% to US$ 191.37 million to South Korea in 2022. Cambodia is the 7th largest apparel supplier to South Korea, While South Korea stands as the 13th top market in Cambodia’s apparel exports.
Cambodia has managed to have a better trade balance with South Korea in Q1 of this year. The decrease in imports from South Korea and higher exports has brought some relief to Cambodia’s economy. Trade data reveals that Cambodia’s apparel exports to South Korea have contributed to the rise in total merchandise exports.
This year in January and February, Cambodian shipments touched to similar level to that for Q4, 2022
Cambodia’s apparel exports to South Korea increased from US$ 167.151 million in 2021 to US$ 191.374 million in 2022, recorded a growth of 14.37% over the previous year. The exports reached US$ 43.104 million in the first two months of 2023, close to the shipment of $43.112 million during Q4 2022.
The shipment to South Korea accounted for 1.37% (US$ 191.374 million) of Cambodia’s total exports of US$ 13.980 billion in 2022.
Meanwhile, Cambodia was the seventh-largest apparel supplier for South Korea. Apparel imports from Cambodia accounted for 1.57 per cent of the total imports of $12.178 billion in 2022. South Korea’s apparel imports were mainly from China and Vietnam, who supplied 64 per cent of the apparel to the Korean market.
