As Cambodia is trying hard to push exports to Canada, it would be interesting to see whether it can overtake Bangladesh and Vietnam in terms of apparel exports to Canada.
During 2021, Cambodia was on fourth position in Canada’s apparel imports, while Bangladesh and Vietnam were in the second and third positions respectively, ahead with only a minor margin.
According to Fibre2Fashion’s market insight tool TexPro, Canada had imported apparel worth $9.599 billion last year. Cambodia supplied apparel worth $1.047 billion, which was 10.91 per cent of the total. The country remained on fourth position while China, Bangladesh and Vietnam stood at first, second and third position respectively in terms of apparel supply to Canada. Bangladesh supplied 13.38 per cent (value of $1.284 billion) and Vietnam 12.49 per cent ($1.199 billion).
Looking at the figures, it is possible for Cambodia to beat Bangladesh and Vietnam in apparel supply to Canada in near future. In its efforts to push garment exports, the Cambodian Chamber of Commerce (CCC) had opened a representative office in Toronto, Canada. Key talks are likely to be held with Canadian Prime Minister Justin Trudeau when he attends the ASEAN Summit in Cambodia next month.
Canada-Cambodia bilateral trade is already on fast-track mode. Cambodia’s merchandise exports to Canada grew 22.61 per cent in the first eight months of this year. The apparel exports to Canada also increased 20.06 per cent year-on-year to $1,047.663 million in 2021.
According to TexPro, Cambodia’s apparel exports were recorded at $872.980 million in 2020 compared to $1,009.641 million of 2019, $899.339 million in 2018 and $815.269 million in 2017. Canada was the third largest market of Cambodia for apparel exports with the share of 9.44 per cent of its total shipment of $11.102 billion in 2021. Fibre2Fashion
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
