Home / Knowledge / News / Apparel/Garments / Apparel exports realize remarkable growth

Apparel exports realize remarkable growth

30
Aug '08
Export of apparel and garment sector is on a growing phase compared to last year. Figures are indicating export earnings of US $174 million from jacket suit in July 2008, giving rise by 31 percent over June and 14 percent year-on-year.

In the same line, export of overcoat rose by 0.95 percent over June and 47 percent over same period of 2007. Elastic shirt and trousers also saw increase by 3.29 and 7.43 percent respectively.

Textile and garment products exported from Vietnam managed to earn $932 million, showing a year–on–year rise of 21.94 percent in July 2008. Overall, export experienced high growth rate in EU, Taiwan and Japan.

Export turnover of textile and garment industries reached $5,049 million in the first 7 months of 2008, giving boost of 19.74 percent over same period last year.

According to the statistics provided by the Ministry of Industry and Trade (MOIT), US has emerged as the biggest importer of Vietnamese elastic shirt for the first half of 2008, amounted to $778 million. The figures depict a year-on-year growth of around 27 percent, accounting for 60 percent of total export turnover to that country.

However, above growth rate of 27 percent is lower than the common growth of the product at the US market, which is near about 31.77 percent.

Export of kids wears generated $206 million during the period from January to June, registering a surge of 22 percent and accounting for 77 percent of total export turnover of Vietnam.

On the other hand, shipments of jacket suit to the market suffered a drop of 3.93 percent to $210 million.

Now local expert are forecasting strong growth in the coming months of 2008.

In July there were total 1500 export organization and enterprises raising 120 over month of June and 150 compared to same period of last year.

It can be said in conclusion that industry must earn atleast $880 each month from export, during the remaining period of the current year to fulfill its annual export target.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Feb 2020

Vietnam textile firms urged to source from Malaysia, India

Phạm Xuan Hong, president of Ho Chi Minh City’s textile association,...

Pic: PaCT

Apparel/Garments | On 17th Feb 2020

IFC portal to monitor resource usage in Bangla RMG sector

The International Finance Corporation (IFC) has developed PaCT...

Pic: Centric Software

Information Technology | On 15th Feb 2020

Centric SMB PLM solution reduces costs for SMEs

Silicon Valley-based Centric Software has developed an innovative,...

Interviews View All

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search