Exports of gloves gain strong growth rate last year

19 Jan '09

2 min read

According to statistics provided by the Ministry of Industry and Trade, in the period from January to November of last year, Vietnam exported 109.4 million pairs of gloves, valuing US $62.3 million, representing a growth of 53.1 percent in volume and 12.4 percent in value on year.

Export of gloves to the US market reached $20.8 million with 12.4 million pairs, showcasing a downfall by 7.5 percent in terms of value; however in terms of volume it soared by 26.2 percent in comparison to similar period of 2007; the figures accounted for 33.4 percent of the total export value of this product.

Experts expect that exports of gloves to this market would decrease in the first quarter of the current year, due to its export circle and impacts of economic crisis.

On the other hand, in these 11 months, export to EU depicted a rosy result of garnering a growth rate of 67.7 and 17 percent respectively in quantity and value over same period last year. The export value touched $12.7 million representing 20.4 percent of this product's total export value to this market.

Among EU countries, export sharply increased in markets like France at 31.8 percent, Holland at 109.7 percent, Spain at 61.7 percent, and England at 67.3 percent.

In the Asian region, Vietnam exported 21.1 million pairs of gloves worth $15.6 million to Japan, representing a surge of 14.4 percent and 44.2 percent respectively year-on-year.

The export of gloves to Korea achieved remarkable growth rate of 264.6 percent in volume and 195 percent in value to touch 43 million pairs worth $4.28 million.

Fibre2fashion News Desk - Vietnam

More Apparel/Garments News - Vietnam...