Vietnam's fabric & garment exports up 19.3% in Jan-Feb'14

19 Mar '14

2 min read

The exports of fabric and garments from Vietnam increased by 19.3 percent year-on-year to US$ 2.936 billion in the first two months of 2014, according to the data released by the General Department of Customs, Vietnam’s Ministry of Finance.

With $1.435 million worth of goods, the US turned out to be the largest importer of fabric and clothing items from Vietnam during January-February 2014, followed by Japan and South Korea with imports of $379.366 million and $278.098 million, respectively.

Among the European countries, Germany was the top buyer of fabric and garments from Vietnam with imports valued at $106.783 million. Spain, the UK and the Netherlands were the other large importers of Vietnamese fabric and apparel last year with goods worth $99.159 million, $74.697 million and $34.249 million, respectively.

Vietnam’s fabric and garment exports to Canada were valued at $57.352 million, while those to China and Taiwan were worth $55.308 million and $26.809 million, respectively, during the first two months of 2014.

During the two-month period, Vietnam also exported 113,454 tons of yarn worth $341.675 million, of which 48,460 tons of yarn was supplied to China, while Turkey imported 14,829 tons of yarn from the Southeast Asian country, the Customs data showed.

In 2013, Vietnam’s fabric and garment exports grew by 18.9 percent year-on-year to $17.946 billion.

Vietnamese firms are expecting an increase in export orders this year due to economic recovery in developed countries and prospects of the signing of the 12-nation trans-pacific partnership (TPP) agreement by June this year.

Fibre2fashion News Desk - India

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