Jean trousers exports to US heave up

03 Dec '08

2 min read

The General Custom Department statistics show that in the month of October, the export of Made-in–Vietnam jean trousers witnessed a strong growth of around 42.6 percent in volume and 36.8 percent in value over September 2008.

During the period from January to October, Vietnam exported 5.1 million jean trousers worth US $39.9 million, showcasing a rise of 60.5 and 65.1 percent surge in volume and value respectively.

In these 10 months, the export of jean trousers to US market surpassed Japan with an outstanding year-on-year increase of 203 percent in volume and 308.8 percent in value, accounting for 42 percent of the total export value of this product. Vietnam earned $16.7 million by exporting nearly 2.6 million products to this market.

Export to Japan was 1.5 million products, valuing $16.1 million, up 19.5 and 13.9 percent respectively; to the Korean market, it augmented remarkably by 474 percent in volume and 312.2 percent in value on-year. The country shipped 1,20,800 pieces of jean trouser worth $1.15 million to Korea.

However, export slowed down in Taiwan market; here around 2,97,800 units were exported at $3.1 million, depicting a fall of 16 percent in volume but there was a rise of 11 percent in terms of value on year.

The importing price of jean trousers during the period stood at $7.8 per piece (FOB) on average, registering a year–on–year rise of 2.9 percent.

The price quoted at the US stood at $6.76 per piece in October; up 49.5 percent, and at $6.39 per piece on average for January to October period this year.

The price at Taiwan was $11.3 per piece in Oct; up 45.6 percent and $10.5 per piece in January to October, surged by 33 percent.

For the Japanese market prices were quoted at $10.21 per piece on average during the ten month period; the export price for Japan witnessed a decline of 5 percent in comparison with same period 2007.

Fibre2fashion News Desk - Vietnam

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