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Oct 23, 2019 · Footwear and headwear are collectively Cambodia’s second-largest export. In 2018, the industry shipped products valued at $2.3 billion, or 11 percent of Cambodia’s total exports. The primary destinations of these exports are the European Union (46 percent), the United States (17 percent) and Japan (12 percent).
Aug 10, 2023 · The European Union is Cambodia’s second largest export market after the US, and the fourth largest trading partner after China, the US and Vietnam. Other major trading partners include Germany ($1.24 billion), Belgium ($731.6 million), the Netherlands ($596.7 million), France ($542.4 million) and Spain ($503.8 million).
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- Agriculture
- Tourism
- Textiles
Because Cambodia has remained a largely rural nation, it is not surprising that agriculture has continued to play a crucial part in its economic survival. In 1985, for example, Cambodia’s agricultural industry accounted for 90% of the country’s gross domestic product while approximately 80% of its workers were employed in some aspect of the farming...
The tourism industry plays an important role in the economy of Cambodia. In 2018, for instance, it was reported that approximately six million travelers from around the world visited Cambodia. Top tourist destinations include Phnom Penh, Angkor Wat, the beaches of Sihanoukville, Battambang (the country’s number one rice-producing province), Kampot,...
The garment industry plays a key role in Cambodia’s economy. It is estimated that this sector accounts for approximately 80% of the Asian nation’s exports. In 2012 textile exports were valued at $4.61 billion. This important industry also factors high in terms of employment stats with some 335,400 workers (the majority being female) having jobs in ...
on Jan, 04 2024. Cambodia's manufacturing sector, which is lumped together in the industrial sector by the government, is predicted to experience an 8.5 per cent growth in 2024, bolstered by the country's continued recovery in garment and non-garment manufacturing.
Dec 19, 2023 · Cambodia was a refugee sending country in the 1970s and 1980s as a result of the brutality of the Khmer Rouge regime, its ousting by the Vietnamese invasion, and the resultant civil war. Tens of thousands of Cambodians fled to Thailand; more than 100,000 were resettled in the US in the 1980s. Cambodia signed a multi-million dollar agreement ...
Dec 7, 2022 · PHNOM PENH, December 7, 2022 — Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released today. The World Bank forecasts economic growth of 4.8 percent in 2022 as the post-pandemic economic recovery expands thanks to a rebound ...
Feb 9, 2023 · Hong Menea. February 9, 2023. PHNOM PENH – Cambodian exports to the EU in 2022 were valued at $4.045 billion, registering a more than 25 per cent surge from the $3.229 billion logged in 2021, according to the Ministry of Commerce.
