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Search for Moving Up: How Can Cambodia Achieve Export Diversification? in the web..
Moving Up: How Can Cambodia Achieve Export Diversification?
Over the past decade, Cambodia has made progress in integrating into the global trade network and diversifying its exports beyond traditional products such as garments and textiles.
Amid the changing global trade landscape, the country faces challenges such as trade disruptions and intensified competition. It is now critical for Cambodia to identify and build on its strengths to move up the global value chains (GVC).
Cambodia’s export profile has undergone transformations in both products and trading partners. Although textiles remain a key export, the sector’s share of total exports has shrunk to 40 percent in 2020-2023 from 70 percent in 2011-2015 (Figure 1). A positive shift toward new export products, such as machinery, plastics and rubber, and vegetable products, has started over the past decade. Cambodia is also expanding and diversifying its markets, from the US, EU, and China to ASEAN
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Search for Moving Up: How Can Cambodia Achieve Export Diversification? in the web..
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