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Garment exports to Russia render strong growth
Jan '08
Official source from Ministry of Industry and Trade recently reported that in the period from January to November last year, Vietnam's textile and garment industry reaped US $66.14 million, representing a year–on–year surge of around 23 percent.

By the end of November, Russia stood at the second place among top ten export markets for made-in-Vietnam textile and garment products. Jackets, overcoats and trousers enjoyed strong growth during this period.

During these 11 months, about 1.09 million jacket suits worth $24.67 million were exported to this market, showing a year–on–year growth of 14.63 and 59.54 percent, respectively.

Export price for the jackets at the market was quoted at $22.63 per piece, which is about $6.37 higher than same period of previous year, recording a much higher growth compared to other markets.

In the same trend, around 605.43 thousand pieces of were shipped to this destination, earning revenue of about $11.05 million for the country, rendering a stupendous rise of 48.2 and 61.97 percent, respectively as against same period 2006. Purchasing prices at this market was set at $ 18.25 each unit, which is nearly $1.55 higher compared to 2006.

Sale of Vietnamese trousers in Russia witnessed the strongest growth rate with estimated rise by 65.33 percent. Price for the same was quoted at $8.23 for each piece on average. This was almost $1.16 more than 2006.

Besides, these three products, other articles which garnered a growthin this market comprises kid wears, with a boost of 1,464 percent, Veston suit, up 1,281 percent, under garment, growing by 456.21 percent and jean trousers soaring by 304.89 percent.

On the other hand, elastic shirt, sports wear, shirt and sleep wear saw a slight decline in Russia, in last year.

Fibre2fashion News Desk - Vietnam

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