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Cambodia’s GFT exports increase by 17% from Jan-Apr’24: Report


Cambodia's export of garment, footwear, and travel products (GFT) reached $3,763 million in the first four months of 2024, marking a 17 per cent increase from the $3,211 million reported during the same period last year, as per a report from the Ministry of Commerce

Cambodia’s apparel and textiles grew by 20.4 per cent Y-o-Y to $2,748 million from January to April 2024. As per a report by the Ministry of Commerce, footwear exports from Cambodia increased by 3.8 per cent Y-o-Y to $453.7 million.

Poullang Doung, Senior Economics Officer, Asian Development Bank-Cambodia, projected, the growth of the GFT sector in Cambodia would significantly boost its overall economic growth, which is estimated to reach 5.8 per cent this year. The sector has gained momentum since the last quarter of 2023, highlights Doung.

The GFT industry is a major foreign exchange earner in Southeast Asia and stands as Cambodia’s largest. It employs around 918,000 workers across approximately 1,680 factories and branches, with a significant majority of the workforce being female, according to the Ministry of Labor and Vocational Training.



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