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Export graph moves upward
04
Aug '08
Export turnover graph for garment and textile industry in the period from January to July, has shown a rise of 37.7 percent as it reached to US $36.88 billion, when compared to similar period previous year.

If the total exports may be segregated, it can be observed that state sector earned $16.47 billions with an increase of 40.1 percent; FDI sector fetched $13.6 billions, a growth of 28.9 percent.

The key export products that fetched more than $1 billion include crude oil, textile and garment product, footwear, wooden product among others. There is rise in crude oil export by 52.2 percent, gaining $6.8 billion; textile and garment product earned $5.1 billion augmenting by 20.5 percent.

Even import value has shown a rise of 56.8 percent in these seven months over similar period of last year and the figure is estimated to touch $51.89 billion.

Domestic economic sector imported products worth $35.47 billion, surging by 70.4 percent and for FDI sector it reached $16.42 billion, soaring by 40.5 percent.

Trade gap in these 7 months was estimated to be $15.01 billion, showing a rise of 137.7 percent over same period of 2007 and 40.7 percent to export value.

Fibre2fashion News Desk - Vietnam

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