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Exports Increase 49%

A Cambodia Daily report noted that exports from Cambodia increased 49% to $720m in the first 2 months of 2011.
Garment exports make up 81% of Cambodia’s exports which as a proportion of total exports is down from 87% in 2010. A good sign that the export market is diversifying.
Garment exports to Europe increased 53%, possibly a reaction to the agreement between the EU and Cambodia for duty free exports under the ‘anything but arms’ trade agreement. Exports to Japan grew 121%, outpacing the historical main export market of the USA.

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