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The US accounted for a significant share (about 46.18 per cent) totalling $16.092 billion within the textile and garment exports of Vietnam throughout the interval underneath evaluation. Japan and South Korea have been the opposite main locations with exports of $3.693 billion and $3.051 billion, respectively, in accordance with the newest figures.
Vietnam’s yarn exports, nevertheless, decreased by 13.6 per cent to $4.388 billion in comparison with the identical interval of final 12 months. Of this, China imported round 46.44 per cent or $2.038 billion value of yarn, adopted by India that imported yarn value $112.205 million. In quantity phrases, Vietnam exported 14,40,484 tons of yarn which was 18.6 per cent decrease than the exports throughout the corresponding interval of final 12 months.
Vietnam earned $34.645 billion from textile and garment exports within the first eleven months of 2022, a rise of 18.9 per cent over the identical interval of final 12 months, as per preliminary information from customs IT and statistics division, common division of customs, Vietnam’s ministry of finance. The exports development was 7 per cent month on month in November 2022.
Vietnam’s exports of textiles and garment went up 7 per cent in November 2022 in comparison with the earlier month. The exports famous a dip within the final two months. Total, a troublesome time for exports continued however the cargo grew in November month on month on account of fall in earlier months.
In 2021, Vietnam’s textile and garment exports earned $32.750 billion, registering a development of 9.9 per cent over the exports of $29.809 billion within the earlier 12 months, whereas yarn exports elevated by 50.1 per cent to $5.609 billion from $3.736 billion in 2020.
For 2022, Vietnam has set a goal of $43 billion for its textiles, clothes, and yarn exports, in accordance with the Vietnam Textile and Attire Affiliation (VITAS).
Fibre2Fashion Information Desk (KUL)
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