There Are More Than 630 Garment Factories In Kampuchea, Employing About 600 Thousand Workers.

Taiwan region of China Spin Industry organizations say clothing and manufacturing. shoes The industry still occupies the leading position in Kampuchea's industry, which is also the leading export earning power in the country. The Kampuchea government approved 103 textile investments in 2012, amounting to US $660 million, double the number in 2011 and 3 times the investment in that year.

Textile and garment industry is the most important economic pillar of Kampuchea. There are more than 630 garment factories in Kampuchea and 97 factories in the footwear industry. Altogether, there are 727 factories in 2012, which employ about 600 thousand workers.

It is reported that Kampuchea continues to enjoy the generalized preferential tariff system granted by the EU and the most favored nation treatment that will be given to the developed countries such as the United States and Japan in 2012. clothing Up to 4 billion 600 million US dollars, an increase of 8% compared to 2011, accounting for 83.7% of the total exports of that year, so the Kampuchea government in 2012 continued to approve 103 projects to invest in textile mills, amounting to US $660 million, double the number of investment and 3 times the investment in 2011.

Textile Development Association pointed out that in recent years, the structure of Kampuchea's export market has undergone major changes. Before Kampuchea exported to the US market, it accounted for 70% of total exports and 25% of the European Union. Now it has changed to 44% of exports to the United States, 35% of the EU and 20% of other markets. According to this trend, the proportion of exports between the US and the EU will be balanced in 2013.

The main reason for the expansion of the European market is that 27 countries in the European Union have already introduced duty-free concessions to Kampuchea's imports, while the United States maintains an average tariff of 16% on Kampuchea's clothing.

The main export markets of Kampuchea's textile and garment products are the US, the European Union, Canada, Japan, Korea and Mainland China. In 2012, the value of exports was 4 billion 600 million US dollars, and the raw materials for textile imports amounted to US $3 billion 100 million, up 20% from 2011, mainly from mainland China, Taiwan, Thailand, Japan and Korea, and 1 billion 500 million US dollars in foreign exchange earned in 2012.