亚洲采购更新（英文）

April 2021Asia Sourcing UpdateCambodia, Indonesia, the Philippines, Thailand and VietnamSoutheast Asia | South and West AsiaSource: •Exports of manufactured goods (2019): WTO database;•Minimum wage (as of end-March 2021): Cambodia (exclusively for the garment and footwear sector), Indonesia (Jakarta), Philippines (National Capital Region), Thailand (Bangkok), Vietnam (Ho Chi Minh City/Hanoi), China (Dongguan), converted to US dollar terms based on exchange rates on 31 March 2021 from governments & central banks in the respective countries;•Competitiveness of trade logistics (rank): measured by the aggregated Logistics Performance Index released by the World Bank;•Labour and environmental compliance (rank): measured by the average ranking of two index components ‘environmental-related treaties in force’ and ‘workers' rights’ in the World Economic Forum’s 2019 Global Competitiveness Index12-month Sourcing OutlookPositive:Cambodia, VietnamSlightly negative:Indonesia, The PhilippinesNegative:Thailand2Highlights: Evaluating sourcing destinationsLabour and environmental compliance (rank)◼ 70th − 79th◼ 80th − 89th◼ 90th − 99th◼ 100th+CambodiaIndonesiaPhilippinesThailandVietnam20304050607080901006080100120140Competitiveness of trade logistics (rank)Monthly minimum wage (compared to China, China=100) Sourcing destinations: balancing costs, speed, compliance and capacity(Size of bubbles represents the country's total export value of manufactured goods in 2019)CambodiaNote: Arrows indicate an improvement (▲) or deterioration (▼) compared to the previous periodSource: National Bank of Cambodia12-Month Sourcing Outlook: PositiveThe sourcing outlook for Cambodia remains positive, despite the ongoing outbreak of COVID-19, w hich has led to rounds of lockdow ns. Amid challenging and highly uncertain economic environment, the country has maintained a similar grow th rate in exports at 16.7% year-on-year (yoy) in 2020, as compared to the previous year. We expect that Cambodia’s export grow th w ill show more positive signs in the future, in view of the new ly signed China-Cambodia Free Trade Agreement (CCFTA) and the recently concluded talks over the Cambodia-Korea Free Trade Agreement (CKFTA). The International Monetary Fund predicts that the Cambodian economy w ill grow 4.2% in 2021, after a contraction of 3.5% in 2020, supported by an improvement in economic activities and the government’s effective measures to keep the economy afloat during the pandemic.Fast factsCPI (Dec 2020)+2.88% yoy ▲Exchange rate (USD: KHR, as of 31 Mar 2021)4,045 (no change, year-to-date)3Footw ear-19.2% yoy ▲Garments+0.3% yoy ▲Bicycles+25.3% yoy ▲Merchandise exports (Dec 2020)+20.1% yoy ▲Electrical parts+272.5% yoy ▲Latest Developments•While Cambodia’s exports of garments, footw ear and travel goods may continue to suffer a setback due to the EU’s partial w ithdraw al of duty-free preferences under the Everything But Arms scheme, the increased demand for Cambodian products in the US