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Netherlands tops the list of sports wear clients
10
Jun '08
Netherlands surpassed US to become the largest client for Made–in-Vietnam sports wear in the first quarter of 2008 absorbing goods worth US $5.68 million and registering a year on year increase of 88.1 percent.

According to the General Department of Customs, Vietnam, the textile and apparel industry exported about 4.6 million pieces of sports wear worth $23.2 million in the same period recording a surge of 19.9 and 23 percent respectively compared to the same period last year.

In fact, the total turnover in the month of March alone amounted to 1.5 million pieces, worth $7.0 million rising by 130.3 and 110.9 percent respectively. Besides, it also marked an increase of 18.9 and 11 percent over the same period last year.

Exports to US on the other hand experienced a downtrend with one million pieces on shipment amounting to $5.49 million, up by 20 and 9.4 percent respectively over 2007.

Enjoying a much better growth were the European countries, providing a market for $12.2 million, up by 22.1 and 33.8 percent respectively. Netherlands, Belgium, Italy and Greece in particular evinced a robust growth.

Other markets for sport wear including Russia, China, Taiwan and Malaysia also witnessed good results with an annual growth of 230.1, 102.4, 162.9, 1,450.9 and 279.7 percent respectively.

With regard to export prices, they were quoted at $4.97 a piece on an average during the first quarter of 2008 with an increase of 3.3 percent over 2007. While prices at US stood at $5.04 a piece (down 8.8 percent), those at Netherlands were at $6.3 a piece (down 5.8 percent), Taiwan stood at $3.16 a piece (down 39 percent) and $3.26 a piece at France (up 7.2 percent).

Fibre2fashion News Desk - Vietnam

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