Home / Knowledge / News / Textiles / Vietnam's fabric & garment exports grow 18% in Jan-Oct'14
Vietnam's fabric & garment exports grow 18% in Jan-Oct'14
27
Nov '14
The exports of fabric and apparel from Vietnam surged by 18 per cent year-on-year to US$ 17.432 billion in the first ten months of 2014, according to the preliminary data released by the Customs IT & Statistics Department, General Department of Customs, Vietnam’s Ministry of Finance.
 
During January-October 2014, Vietnam exported 705,757 tons of yarn fetching $2.112 billion, registering an increase of 19.7 per cent and 19.8 per cent year-on-year, respectively, according to the data.
 
The US alone imported $8.16 billion worth of fabric and apparel from Vietnam during the ten-month period. Japan and South Korea were the other main destinations for Vietnamese fabric and clothing with exports valued at $2.161 billion and $1.856 billion, respectively.
 
Meanwhile, Vietnam’s cotton imports soared by 26.6 per cent year-on-year to 630,460 tons in terms of quantity, and by 23.3 per cent to $1.235 billion in terms of value.
 
Similarly, Vietnam’s yarn imports grew by 6.7 per cent year-on-year and 2.9 per cent by volume and value, respectively, to 612,969 tons and $1.295 billion. Fabric imports also climbed 14.1 per cent to $7.785 billion.
 
With $3.844 billion worth of goods, China was the largest supplier of fabric to Vietnam during the period under discussion. 
 
Last year, Vietnam’s fabric and garment exports grew by 18.9 percent year-on-year to $17.946 billion, and the country’s fabric and garment exports are expected to touch $20 billion mark this year. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

European & Asian apparel brands open EBO's in South Korea

Following the success of Japanese brand Uniqlo in the South Korean...

Apparel/Garments | On 23rd Mar 2017

Destination XL reports turnaround in Q4FY17 net income

For the three months ended January 28, 2017, omni channel retailer of ...

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Poojaa Kumar Deepak
Zeven

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

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search