Garment No-10 Company tops in exports of shirts in 2008

18 Feb '09

2 min read

In 2008, Vietnam's shirt exports turnover reached 90.3 million pieces totaling to US$ 500.2 million, a marginal decline of 2.1 percent in volume but growth of 7.5 percent in value in comparison with the previous year.

During the period, Vietnamese shirts made its presence felt in 83 countries worldwide, of which the US topped the list with 46.1 million pieces worth $229.4 million, accounting for 45.8 percent of total exports turnover, down 14 percent in volume and 5.3 percent in value.

The shipment to the EU block saw a slight growth of 6.4 and 13.7 percent year-o-year in exporting 23.9 million pieces for $148.5 million respectively, largely due to a sharp growth in some key markets like Germany, France, Italy and Belgium.

It is worthy to note that exports of shirts to Japan enjoyed both, strong volumes and value growth in growing by 32 and 36 percent respectively, compared to 2007, to touch 10 million pieces in volume and $68 million in value in 2008.

The average export price of shirts stood at $5.52 per piece, up by 9.8 percent year-o-year. The prices in the markets of the US grew by 10 percent, Germany 3.6 percent and Japan rose by 3.9 percent in 2008 corresponding to 2007.

In all, a total of 471 local enterprises exported shirts to overseas markets, of which Garment No-10 Company topped by shipping 9.2 million pieces amounting to
$60 million and accounted for nearly 10 percent of all shirt exports.

Fibre2fashion News Desk - Vietnam

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