PHNOM PENH: Cambodia’s manufacturing output hit US$15 billion in 2024, a report from the Ministry of Industry, Science, Technology and Innovation (MISTI) showed.
The manufacturing products worth nearly US$4 billion were supplied to local market while other products worth US$11 billion were exported to foreign markets, it pointed out.
The report added that the year 2024 saw 326 factories established, bringing the total number of registered factories to 2,425 with a combined investment amount of US$20 billion, marking a 10 percent increase compared to 2023.
Speaking at the closing ceremony on Feb. 26, H.E. Hem Vanndy, Minister of Industry, Science, Technology & Innovation, said the achievements and progress made in 2024 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 garment, footwear, electronic devices, bicycle, solar panel, among others.