Cambodia GFT Sector Brief [Issue 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.

This Sector Brief provides insights into the current state of the GFT sector in Cambodia. It focuses on the performance and trends observed in the sector up to the second quarter of 2024, where data is available. This analysis considers the global context and challenges faced by the industry, including Cambodia’s prospective LDC graduation and the changed market access conditions to key export markets.