Cambodia outdoes Vietnam in EU garment market share

Last year, the EU imported US$3.11 billion of apparel products from Vietnam, up 5.01% in value and 3.21% in volume, and accounting for 3.45% of the EU market share.

Despite a price reduction of 2.31% from a year earlier and lower price levels than Vietnam, Cambodia’s EU market shares were higher than Vietnam, constituting 3.64% with its EU garment exports registering US$3.27 billion.

Garment experts described Cambodia outpacing Vietnam in garment exports to the EU as a big surprise.

Vitas reported that during the first two months of this year, garment exports hit US$3.6 billion, up 12.4% against last year’s same period. However, price levels were just as same as last year even down by 0.5-1%.