Cambodia Garment, Footwear and Travel Goods Sector Brief Issue No. 3
The Garment, Footwear, and Travel Goods (GFT) industry has made significant contributions to Cambodia’s economic achievements in the past two decades. Political stability, competitive wage and production costs, preferential trade access, and a favourable investment climate have been the sector’s comparative advantages to allow this industry to flourish and become an economic growth pillar. According to the Cambodia GFT Sector Development Strategy 2022-2027, garments have remained at over 70% of the industrial export share since 2009, while Cambodia also diversified its exports of other products, such as bicycles, vehicle parts, and electronic parts. In addition, the exports of travel goods (or bags) such as luggage, backpacks, handbags, and wallets to the US market have experienced significant growth in the last few years under the Generalised System of Preference (GSP) granted to Cambodia in 2016.