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Vietnam's apparel exports to Korea surge 49% in Jan-Oct'13
26
Nov '13
The exports of apparel and textiles from Vietnam to South Korea increased by a sharp 49.2 percent year-on-year to US$ 1.37 billion, during the first ten months of the current year, according to the data from the General Department of Customs.
 
The South Korean market accounted for 9.2 percent of all textiles and clothing exported by Vietnam during January-October 2013 period.
 
The US continued to be the largest market for Vietnamese clothing, accounting for US$ 7.17 billion, registering a growth of 14.6 percent year-on-year.
 
The EU and Japan were the second and third largest importers of Vietnamese garments and textiles, during the 10-month period.
 
Vietnam’s clothing and textile exports to the EU rose by 10.5 percent year-on-year to US$ 2.2 billion, while its exports to Japan jumped 21.7 percent year-on-year to US$ 1.97 billion, during the period under review.
 
Brazil, Canada and Mexico were among the other countries, which imported more clothing and textiles from Vietnam during the period.
 
From January to October 2013, Vietnam’s total apparel and textile exports shot up by 18.7 percent year-on-year to US$ 14.8 billion, according to the data from the Ministry of Industry and Trade.
 
In 2012, Vietnam’s apparel and textile exports stood at US$ 17.2 billion, and analysts expect exports to increase to US$ 19 billion this year.
 

Fibre2fashion News Desk - India


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