According to statistics from the General Administration of Taxation of Cambodia, Cambodia’s garment, textile and footwear (GTF) export revenue in the first four months of 2020 totaled US$3.13 billion, an increase of 1.67% over the same period last year.
The Garment Manufacturers Association of Cambodia (GMAC) stated that before the COVID-19 epidemic, overseas orders grew sharply in early 2020, but due to the impact of the epidemic, exports will decline in the next few months. will decline. Exports of handicraft products will decline in the coming months, while travel supplies may remain stable or slightly decline. At present, almost no factories have received new orders, and only protective supplies and health products are still being produced.
It is understood that just as more than 180 factories have applied to suspend production, the Cambodian Ministry of Industry, Science, Technology and Innovation recently revealed that 77 new factories were opened in Cambodia in the first quarter of this year. opened, two of which were resumption of production, creating a total of 27,909 jobs.
