The economy of Cambodia depends on the garment sector

The garment and textile industry in Cambodia has made a significant contribution to the country’s economy and can be called the cornerstone of the Cambodian economy, a report said.

As of the end of 2011, Cambodia’s 309 clothing and textile companies employ approximately 335,400 workers, 91% of whom are women, according to a statement from the Ministry of Commerce.

According to the report, last year, the clothing and textile industry paid workers 408 million U.S. dollars in wages.

In 2011, Cambodia’s apparel and textile industry exported US$4.24 billion worth of goods, a year-on-year increase of 25%. It is the country’s largest revenue-generating unit and contributes 85% of the country’s total exports.

The United States and the European Union are the major export destinations for Cambodian clothing. Last year, exports to the United States increased by 11% year-on-year to US$2.05 billion, while exports to European countries increased by 42% year-on-year to US$1.3 billion, the statement said.

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