Fibre imports mark an increase in July

29 Sep '08

2 min read

The Vietnam Ministry of Industry and Trade recently reported that in July, Vietnam imported 15,400 tons of fibre valued at 25.1 million, soaring by 335.9 percent in volume and 40.6 percent in value over June. However, it rose by over 29.7 percent and 28.2 percent in volume and value respectively compared to the same period in 2007.

In all, a total of 94,300 tons of fibre were imported in the first seven months leading to an expenditure of $153.9 million, leading to an increase of 5.9 percent in volume and 18.2 percent in value over the previous year.

In the same period import of fibre from Taiwan dropped marginally by 4.0 percent in volume but increased 9.6 percent in value over 2007. Import volume reached 27,700 tons totaling to $46.2 million and accounting for 29.4 percent of the total imported fibre.

Besides, import of fibre from Thailand also was reduced by 12.3 percent in volume and 3.5 percent in value to 28,400 tons worth $42.7 million.

However, on an average, Vietnam experienced an increase both in terms of volume and value of fibre imported from Korea. While the volume soared by 47.7 percent to 10,300 tons, the value increased by 46.5 percent to $19.2 million.

Imports from China amounted to 10,400 tons adding up to $17.6 million showing a strong increase in growth rate with 74.3 percent in volume and 124.1 percent in value over the same period 2007.

Fibre2fashion News Desk - Vietnam

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