Cambodia’s Manufacturing Output Reaches US$15 billion in 2022

Cambodia’s manufacturing output hit US$15.8 billion in 2022, a remarkable increase of 83 percent year on year, the Ministry of Industry, Science, Technology and Innovation (MISTI)’s report showed on Tuesday.

The ministry registered 186 new factories last year, pushing the total number of factories to 1,982.

H.E. Cham Prasidh, Senior Minister and Minister of MISTI said at the ministry’s annual meeting on Feb. 28 to review its work achievements in 2022 that some US$11.4 billion worth of products were exported abroad while US$4.35 billion were sold on the domestic market.

The industrial factories created more than 1 million jobs, an increase of 4 percent, he said.

The industrial sector has maintained good stability after facing the effects of Covid-19 pandemic, which have disrupted factory operations and reduced orders, he added.

The ministry stated that the industrial factories’ total investment value was US16.69 billion, an increase of 21 percent over a year before.

Source: Agency Kampuchea Press