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Exports of nightwear see substantial growth

12
Aug '08
Export of sleepwear has given a tremendous rise by earning US $35.2 million in the first five months of 2008. According to official of Ministry of Industry and Trade, these figures have shown 62 percent rise when compared with similar period of 2007.

For first two months export of nightwear did not show positive results, but the month of May reached to its highest peak, with $8.9 million, rising by 44 percent over April and 88.5 percent against the corresponding period previous year.

Starting from January, it has been noted that Vietnam's market structure has changed a lot. This is quite evident from the fact that, in the first five months, nightwear export to US soared to 90.7 percent year-on-year, for $26 million, accounting 73.9 percent of this product's total export value.

It is expected that sleepwear export to US will continue to maintain a growth rate in the third quarter of 2008 as well.

Exports of sleepwear to other countries have seen a growth. Export turnover from the Japanese market reached to $2.1 million showing increase of 111.7 percent.

But, in contrast to above, exports to European Union was decreased to 32.9 percent for the same period of 2007. Export earning from EU, in these five months touched $3.9 million, accounting for 11.3 percent of overall export turnover.

Shipments to some other European countries saw a down fall; Germany at 71 Percent, Holland at 5.6 percent and Poland registered a plunge of 49 percent.

Beside that night clothes export to other markets such as Bulgaria, Switzerland, Taiwan, Australia and China also fetched low value.

Fibre2fashion News Desk - Vietnam


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