29.7 C
Brunei
Tuesday, September 27, 2022
29.7 C
Brunei
Tuesday, September 27, 2022
More
    - Advertisement -
    - Advertisement -

    Cambodia’s manufacturing output hits USD7.57B in H1

    PHNOM PENH (XINHUA) – Cambodia’s manufacturing output hit USD7.57 billion in the first half (H1) of 2022, a remarkable increase of 75 per cent year-on-year, an industry ministry spokesperson said yesterday.

    Ministry of Industry, Science, Technology and Innovation Secretary of State and Spokesperson Heng Sokkung said that during the January-June period of this year, products worth USD5.26 billion were exported while USD2.31 billion worth of products were sold on the domestic market.

    Sokkung attributed the situation to a rise in both the domestic and international market demands after the COVID-19 pandemic waned worldwide.

    “The manufacturing sector is estimated to contribute 39.9-per-cent to the country’s gross domestic product (GDP) in 2022,” he said during a press conference, adding that the sector has created some 1.04 million jobs in the country.

    Of the 1,947 manufacturing plants in total in the Southeast Asian country, some 1,100 are garment, footwear and travel goods factories, and the rest are food and beverage, automotive assembly, cement, electronics, and pharmaceutical factories, among others, he added.

    - Advertisement -
    spot_img

    Latest article

    - Advertisement -
    spot_img