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Export of waistcoat projects mixed result
19
Aug '08
Available statistics show that in first half of the present year, Vietnam exported around two million waistcoats worth US $10.8 million, demonstrating a 1.4 percent fall in terms of volume and 19.5 percent rise, value wise, in comparison to previous year.

Among all the clients, US stood second by consuming around 892,000 pieces of waistcoat, for $4.1 million, depicting a decrease of 23.8 and 11.7 percent in volume and value respectively, accounting to 37.9 percent of total exports turnover of Vietnam.

Shipments to EU market witnessed highest growth due to hike in prices. The country consumed near about 906,000 pieces worth $5.2 million, showing rise of 34.7 percent in volume and 64.2 percent value wise.

With in the European countries, export to Spain sky-rocketed by 560 percent, Belgium raised to 1,125 percent and Denmark went up by 339 percent in volume.

On the other hand, exports to Asian markets figured reduction, including Korea, Japan, Taiwan and Canada.

Experts asserted that exports of waistcoat will grow strongly in third quarter because demand for this particular is rising in the international market.

Fibre2fashion News Desk - Vietnam

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