PHNOM PENH, Feb. 23, 2010 (Xinhua) -- The total value of garment, textiles and shoes exported last year dropped to 2.6 billion U.S. dollars compared with 3.1 billion U.S. dollars in 2008 as a result of global financial downturn, according to the figures of Commerce Ministry on Tuesday.
It said the total exports to the United States, which is Cambodia's biggest garment market, reached 1.5 billion U.S. dollars last year, down from 1.9 billion U.S. dollars in 2008.
The country's Garment Manufacturers Association of Cambodia ( GMAC) officials would not see the industry to pick up this year.
Kaing Monika, GMAC's spokesman, said "the international financial crisis has greatly impacted us, especially for our garment exports to the U.S. market."
"It is too early to say if exports of the products will increase for this year given the purchasing orders from overseas reserve for exports till June, not through out this year," he said.
The products exported to the EU also dropped to 718 million U.S. dollars last year from 786 million U.S. dollars in 2008, said the report.
The total value of exports to Canada also lowered to 190 million U.S. dollars in 2009 from 202 million U.S. dollars in 2008.
Exporting of the products to Japan and other Asian countries increased to 233 million U.S. dollars last year from 178 million U. S. dollars in 2008, it said.
It said the total exports to the United States, which is Cambodia's biggest garment market, reached 1.5 billion U.S. dollars last year, down from 1.9 billion U.S. dollars in 2008.
The country's Garment Manufacturers Association of Cambodia ( GMAC) officials would not see the industry to pick up this year.
Kaing Monika, GMAC's spokesman, said "the international financial crisis has greatly impacted us, especially for our garment exports to the U.S. market."
"It is too early to say if exports of the products will increase for this year given the purchasing orders from overseas reserve for exports till June, not through out this year," he said.
The products exported to the EU also dropped to 718 million U.S. dollars last year from 786 million U.S. dollars in 2008, said the report.
The total value of exports to Canada also lowered to 190 million U.S. dollars in 2009 from 202 million U.S. dollars in 2008.
Exporting of the products to Japan and other Asian countries increased to 233 million U.S. dollars last year from 178 million U. S. dollars in 2008, it said.
7 comments:
This exports drop down because Cambodia becomes more and more republic of banana.
CPP members want stability, peace and they jail Khmers who lost lands, stolen by Yuons, jail Sam Rainsy who try to bring back those Khmer lands, jail journalists who tell the truth to Khmers.
No company likes to make business in that kind of country.
No it dropped this badly because the CPP is clueless on how the global economy works.
Yes, I support 2:27 am. It is not the CPP - don't just blaim CPP for everything - have to understand that Cambodian economy is not an isolation from the global market!!!!!!!!! If the US and EU buyers lost their jobs - where do they get the money to buy product from Cambodia. The global mkt. is not only effect Cambodia, it also effect China, India, Bangladesh, etc as well. Please see the big picture.
Khmer supporter
2:58AM you deaft! Do you ever hurt ah Kwack Hun Xen said " Cambodia will not affect by Glopbal economic "
What's mother fuckerr PhD from Hanoi make him so stupid and babarian?
So motherfucker ah Hun Xen did not do any thing that SRP asked!
The economic is U.S is bad. That's why it effects countries that do business with the U.S. As you can see, the unemployment is on the rise every single day. Let's hope in the next few months, things here will get better. In this situation, the rich gets richer, and the poor gets well you know what?
Ohh, my Cambodian balls got hurt because I mastubate too much all day long. The doctor said because I am ethnic Khmer, I will keep jacking off my dick until I got nut cancer. Fuck off to be Scambodian
Ohh, my Cambodian balls got hurt because I mastubate too much all day long. The doctor said because I am ethnic Khmer, I will keep jacking off my dick until I got nut cancer. Fuck off to be Scambodian
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