Cambodia’s manufacturing output hit $15 billion last year, a report from the Ministry of Industry, Science, Technology and Innovation (MISTI) showed.
The manufacturing products worth nearly $4 billion were supplied to the local market while other products worth $11 billion were exported, it pointed out.
The report added that last year saw 326 factories established, bringing the total number of registered factories to 2,425 with a combined investment of $20 billion, marking a 10% increase compared to 2023.
Speaking at the closing ceremony on Wednesday, Hem Vanndy, Minister of Industry, Science, Technology & Innovation, said the achievements and progress made last year demonstrated that the industry sector is developing sustainably, diversifying, and upholding high environmental and social responsibility standards.
This has strengthened economic interactions between processing, manufacturing, agriculture, trade, and services, fostering economic integration, value chains, and Cambodia’s competitiveness in the region and globally, he continued.
The manufacturing sector is the largest foreign exchange earner for the country. The main export products include garments, footwear, electronic devices, bicycles, and solar panels, among others. AKP
