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Textile & apparel export to Canada surges strongly
15
Apr '08
The General Department of Customs recently announced a report on Vietnamese textile and apparel industry, which shows that the country, in the month of February fetched foreign currency of around US $8.5 million, depicting an increase of 2.8 percent.

The total turnover of January and February touched $22 million, representing a year-on–year rise of 32.4 percent.

By the end of February, Canada surpassed Taiwan to become the fourth biggest consumer of Made–in–Vietnam textile and apparel products. The US, EU and Japan are the first three customers for the country.

During the two month period, key products exported to Canada saw strong growth, including jacket suit, overcoat, skirt, shirt, windcheater and swimming suit. Among all these trade goods, veston suit earned the highest revenue showing a growth of 369.35 percent.

In the month of February, elastic shirt fetched $3.12 million from Canada, depicting a 46.7 percent surge year-on-year. Trousers worth $1.32 million, shorts for $1 million and jacket suit for $0.5 million were exported, took the second, third and fourth place respectively, in terms of earning from the region.

Talking about the average export prices in February, jacket suit stood at $14.3 per piece, which is around $1.2 higher compared to previous month, and near about $2.03 more against similar period 2007.

On the whole, with each passing year, Made–in–Vietnam textile and apparel products, have been able to carve a niche for itself in the hearts of its users in Canada. This is quite evident from the fact that in 2006, exports to the region grew by 20.23 percent, and in 2007, the turnover reached $135.5 million, demonstrating a year-on–year rise of 39.25 percent.

Fibre2fashion News Desk - Vietnam

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