Phnom Penh — Cambodia's economic outlook is experiencing significant signs of growth in the manufacturing and export sectors. Over the past 10 months (from January to October), footwear exports have been reported to have increased by approximately 30% compared to the same period last year.
🧐 Key Data
According to the general information from the GFT sector (Garment, Footwear & Travel Goods), footwear exports reached approximately US $1,401 million in the period January–August, which is an increase of 28.6% from US $1,089 million in the same period last year. Khmer Times
Although there is no clear information for the full 10 months, an increase of 28% in the first 8 months is a clear sign that this sector is growing.
The footwear and GFT sectors, including footwear, are important parts of Cambodia's exports and have growth opportunities to continue next year. EuroCham Cambodia
🎯 Producers and advantages that help meet the remaining global demand have driven investment in shoe manufacturing factories in Cambodia.
Low budgets and reasonable worker wages have helped Cambodia become more competitive in production and export.
Access to online markets and manufacturing software technology is an important factor for further growth.
⚠️ Problems and Interruptions
Even with rising revenues, manufacturers still face issues with supply chain, raw material prices, and pressures from competitive markets.
The impact of low-level trade tariffs and changes in demand for food and footwear can create risks.
Maintaining fast supply services and high quality is crucial for prospects of increased exports.✅ Important Message for Production and Export
The Cambodian people should know that the increase in footwear export income is not just about percentages; it is also a breakthrough for an economy that relies on the manufacturing industry. In fact, both workers and manufacturers have been encouraged to create a good and fair working environment.Continuing to improve quality, maintaining technology, and accessing global market networks are key points for sustaining this growth.
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