Vietnam's fabric & garment exports grow 9% in Jan-Oct '15

19 Nov '15

2 min read

Fabric and garment exports from the Southeast Asian nation of Vietnam grew at 9 per cent year-on-year to $18.952 billion in the first ten months of 2015, according to the preliminary data released by the customs IT & statistics department, general department of customs, Vietnam's ministry of finance.

Destination-wise, the US alone accounted for almost 50 per cent or $9.151 billion worth of fabric and apparel exported from Vietnam during January-October 2015, followed by Japan and South Korea with exports to these countries valued at $2.279 billion and $1.851 billion, respectively.

Vietnam also exported 796,060 tons of yarn earning $2.119 billion during the ten-month period, registering an increase of 12.9 per cent and 0.4 per cent year-on-year, respectively, according to the data.

Thus, Vietnam's total earnings from yarn, fabric and garment exports stood at $21.071 billion during the period under review. On the other hand, Vietnam imported 883,699 tons of cotton and 649,623 tons of yarn, valued at $1.419 billion and $1.264 billion, respectively.

Vietnam's fabric imports soared by 7.9 per cent year over year to $8.394 billion, over half of which were imported from China (valued at $4.297 billion) during the first ten months of this year.

In 2014, Vietnam's fabric and garment exports grew at 16.8 per cent year-on-year to $20.948 billion. (RKS)

Fibre2Fashion News Desk – India

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