Home / Knowledge / News / Apparel/Garments / Country set to move to 2nd place in apparel exports to US
Country set to move to 2nd place in apparel exports to US
27
Nov '08
The Vietnamese garment industry is making rapid strides and is expected to jump 2 places in the pecking order to emerge as the second biggest clothing exporter to the US, behind China. This was revealed by the American Chamber of Commerce which went on add that shipments from the Vietnamese apparel industry will increase by more than 8 percent in the current year.

In the process of jumping to the second place, Vietnam is expected to pip Mexico and India, who stood second and third respectively in the previous year. According to the chamber, exports of clothing were expected to exceed US $5 billion compared to $4.6 billion last year.

Shipments from the sector to the US account for more than the combined exports to two other key markets of EU and Japan and represents 42 percent of all Vietnamese exports to the US. Giving out statistical information on the garment trade with other countries, the chamber said, imports of clothing by the US from China, Mexico, India and Indonesia was down by 0.24, 11, 0.93 and 1.16 percent respectively in the first nine months of 2008.

The only other country to record a good growth rate apart from Vietnam was Bangladesh which witnessed a growth of 8.4 percent in the same period. Consumer spending had fallen drastically in October, the lowest in 35 years and this could lead to a massive drop in shipments of clothing in to the US in the next few months, added the chamber.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search