In Q1 FY’24, Cambodia's export of garments, footwear, and travel products (GFTs) to global markets increased by 20 per cent to $2,941 million, from $2,449 million during the same period last year. 

According to a report by the Ministry of Commerce, Cambodia’s exports during the year were dominated by apparel and textiles rose by 23 per cent to $2,167 million during the quarter from $1,759 million in the corresponding period of the prior year. Footwear exports by the country increased by 6.9 per cent to $346.3 million from $323.7 million.

Poullang Doung, Senior Economics Officer, Asian Development Bank-Cambodia, says, the GFT sector is the single largest foreign exchange earner for Cambodia. The sector presently comprises approximately 1,680 factories and branches, providing employment to around 918,000 workers, predominantly female, according to data from the Ministry of Labor and Vocational Training.