In the first quarter of 2023, general commerce between Cambodia and Indonesia surged by 43.2% to $304 million. In terms of textile trade, Cambodia exports fabric and apparel to Indonesia on a net basis. In prior years, the exports constantly increased. 2022 saw Cambodia export clothes and fabric for a combined $11.607 million. However, there has been a decline in Indonesian fabric imports over the past few years.
Both nations compete in the textile industry since they are significant exporters of textile goods. The textile industry has a small window of opportunity for bilateral trade between the two nations. However, Indonesia only imported the amount of clothing and fabric it needed.
Exports of fabrics from Cambodia to Indonesia increased significantly. d in 2022, up from $0.397 million in 2018 to $11.607 million. As it increased to $0.707 million in 2019, $2.5 million in 2020, and $7.329 million in 2021, the trade data reveals a steady rise. In 2022, Cambodia brought textiles into the country worth $4.541 million. Previous years have shown a decline in the inbound commerce. In 2020, the import was valued at $11.308 million, but by 2021 and 2022, it had dropped to $7.864 million and $4.541 million, respectively. In the first two months of 2023, it was recorded as $0.645 million.
Following disruptions caused by COVID in 2020, Cambodia consistently saw an increase in its exports of clothing to Indonesia. From $16.144 million in 2021, exports increased to $20.504 million in 2022. Following a precipitous decline in 2020 when the Compared to 2019, commerce was recorded at $14.560 million, down from $22.292 million. In 2018, Cambodia exported clothing for $18.360 million. Clothing worth $2.381 million was shipped from Cambodia in the first two months of this year. According to TexPro, Cambodia imported clothes from Indonesia for $1.840 million in 2022.
