Home / Knowledge / News / Textiles / Exports to increase with growing Intl demand
Exports to increase with growing Intl demand
23
Feb '08
The US accounts for one of the largest markets for Vietnamese exports and experts contemplating the future growth believe that in this current fiscal year, export value will see a rise of 20 percent to reach US $12 billion over last year.

Although non-traditional Vietnamese products are also getting a grip of the market, the country will continue to focus on the exports of garments, leather and footwear items. Presently, a backlash in US economy is taking its toll on Vietnam's export market; however, the situation is unlikely to continue for long.

Japan comes next in the line of the country's largest trading partner. The nation spends nearly $6 billion on imports from Vietnam contributing to a 15 percent hike in exports for the latter.

Last year, Japan imported a total of $677 billion in product value of which Vietnam holds a petty 0.9 percent. Handicraft exports to Japanese market, in particular, saw a perceptible increase but there is still a need to improve product design if domestic exporters seek an expansion in their trade.

Additionally, trade value between Vietnam and China reached $15.86 billion, marking a 52.2 percent leap compared to the year preceding it.

While Vietnam exported products worth $3.36 billion to China, it in turn imported goods valuing $9.1 billion from the country.

Even with regard to China, domestic exporters need to concentrate on lifting handicraft exports in order to have a stronger hold over the markets. Besides, the amount of imports made by the country also needs to get reduced.

Over the years, Egypt has also emerged as a potential market for local exporters and this can be amply evidenced from the fact that Vietnam earned nearly $100 million from exports made to the country last year.


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Wendell Rodricks
Wendell Rodricks

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

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search