Core Insights - Cambodia's exports of garments, footwear, and travel goods reached $13.62 billion in the first ten months of this year, marking a significant increase of 20% compared to $11.35 billion during the same period last year [1] Export Performance - Garment exports totaled $9.62 billion, reflecting a year-on-year growth of 20.29% [1] - Textile exports amounted to $560 million, with a notable increase of 38.77% [1] - Footwear exports reached $1.73 billion, showing a growth of 29.9% [1] - Travel goods exports were $1.71 billion, growing by 5.8% [1] Economic Impact - The garment, footwear, and travel goods sectors are crucial drivers of Cambodia's economic growth and serve as a strategic foundation for maintaining foreign exchange reserves [1] - Major export markets include the United States, Europe, the United Kingdom, Canada, South Korea, and Japan [1] Future Projections - The total export value for garments, footwear, and travel goods in 2024 is projected to be $13.92 billion, representing a 23% increase from $11.29 billion in 2023 [1] Labor Market Update - The minimum wage for workers in the garment, footwear, and travel goods sectors will increase from $208 to $210 next year [1] - Currently, the minimum wage policy applies only to these three manufacturing sectors, with other industries not yet included [1]