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Childrens wear exports expect bright 2007

07
Feb '07

Last year, apparel industry witnessed significant surge in exports of children's wear.

In 2006, industry exported 67.7 million units of kid's wear worth US $131.8 million, up 22 percent over 2005.

During this period, US imported 40.9 million units, generating revenue of $91.8 million and accounting for 61 percent of total exports turnover.

Export price to US stood at around $2.24 per unit (FOB price), a hike of 68 percent compared to 2005.

Other major markets importing goods were EU with 6.2 million units ($16.5 million), Japan with 3.1 million units ($7.7 million), Canada, Saudi Arabia and Malaysia.

According to statistics, last year, about 413 domestic enterprises exported children's wear, increase of 67 units over 2005.

Out of these enterprises, Hanoi JV Msa-Hapro Company reaped maximum profits by exporting 1.3 million units worth $8.7 million, a year–on–year increase of 719 percent and 291 percent, respectively.

Vina Korea Co Ltd stood second in the list by exporting 3 million units for $6 million, a surge of 176 percent and 24 percent, respectively.

Experts expect that 2007, the first year Vietnam enjoys the World Trade Organisation (WTO) membership, would open opportunities for its industry with export revenues estimated at US $35.5 billion, or 17 percent over 2006. The Industrial Ministry reported that major hard currency earners will include crude oil, garments, textile and leather shoes in 2007.

The garment and textiles sector expects to earn more than $7 billion from exports and children's clothing will hold major share.

Fibre2fashion.com News Desk-Vietnam

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