Textile Imports: Cambodian clothing exports to Thailand
Thailand’s apparel industry is witnessing a significant boost in textile imports from neighboring Cambodian, with a remarkable increase of 6.5 per cent, amounting to over $527 million in the first half of 2023. However, the country is experiencing a slowdown in fabric imports, a crucial component of its garment manufacturing sector. This article delves into the latest trade statistics, highlighting the changing dynamics between the two countries. Rising Apparel Exports to Thailand: Clothing exports from Cambodia to Thailand have followed an upward trajectory. In the first quarter of 2023, exports surged by a staggering 80 per cent, reaching $20.936 million. By the end of the first four months of the year, shipments had already totaled $25.450 million. These figures represent substantial growth compared to previous periods, such as the $17.875 million export value in Q4 2022 and $11.636 million in Q1 2022. Consistent Growth in Previous Years: The remarkable growth…