Cambodia’s garment exports grew by .% to US$.1 billion in the first quarter
Data from the General Administration of Customs of Cambodia show that Cambodia’s clothing exports in the first quarter of 2022 were US$3.155 billion, an increase of 24.8% compared with the same period in 2021.
CBRE Cambodia’s latest report “Q1 2022 Market Insights-Navigating the new norms” (Q1 2022 Market Insights-Navigating the new norms) It was pointed out that after the reopening of social and economic activities in November 2021, the number of shoppers increased significantly in the first quarter, indicating the recovery of Cambodia’s retail industry. Coldwell Banker Richard Ellis (CBRE) is an American commercial real estate services and investment company.
According to Cambodian media reports, another positive news for the apparel industry is that 44 new brands will join, including: H&M, OVS, Wilsonart and other international brands brand.
CBRE Cambodia said that the popularization of vaccination and the administration of booster doses have made consumers more willing to go shopping; in addition, tourism has also become a driving force for the recovery of the retail industry .
However, the country’s housing rental market is still under pressure, with the occupancy rate only 66.6%; rents in major commercial streets and residential markets fell by 6.8% and 1.6% respectively.
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