Interviews
Export of sweaters decline despite growth in August
14 Nov '08
2 min read
A statistical report released by Vietnam General Department of Customs showed that exports of sweaters from the country suffered a slight decline in the first eight months in spite of its strong growth in August this year.
Vietnam exported 8.3 million sweaters in 8 months, worth US $46.5 million, down 9.8 percent in volume and 3.9 percent in value respectively on-year, even though in August, there was a sharp rise of 32.4 and 34.3 percent in terms of both volume and value over July. During this month nearly 1.93 million units worth $11.2 million were shipped to various countries across the world.
In the period from January to August, export of sweaters to US reached 2.51 million for $14.3 million, showcasing a plunge of 13.2 and 15.9 percent, in volume and value over similar period 2007. The USA is the biggest exporting market for Made-in-Vietnam sweater, accounting for 30.8 percent of its total export value of the country.
Even, there was a decline in EU market, with 2.63 million units worth US$ 16.3 million, depicting a fall of 25 and 5.6 percent year-on-year.
Notably, exports to Korea sharply increased 261 percent in quantity and 231 percent value wise as compared to same period 2007 with 855 thousand products of $3.49 million. Experts are predicting that export of sweater to this market will increase in the last quarter of the on going year.
Exporting price for sweaters during the period from January – August, export prices on an average stood at $5.6 per piece, FOB, up 6.5 percent year-on–year.
Vietnam exported 8.3 million sweaters in 8 months, worth US $46.5 million, down 9.8 percent in volume and 3.9 percent in value respectively on-year, even though in August, there was a sharp rise of 32.4 and 34.3 percent in terms of both volume and value over July. During this month nearly 1.93 million units worth $11.2 million were shipped to various countries across the world.
In the period from January to August, export of sweaters to US reached 2.51 million for $14.3 million, showcasing a plunge of 13.2 and 15.9 percent, in volume and value over similar period 2007. The USA is the biggest exporting market for Made-in-Vietnam sweater, accounting for 30.8 percent of its total export value of the country.
Even, there was a decline in EU market, with 2.63 million units worth US$ 16.3 million, depicting a fall of 25 and 5.6 percent year-on-year.
Notably, exports to Korea sharply increased 261 percent in quantity and 231 percent value wise as compared to same period 2007 with 855 thousand products of $3.49 million. Experts are predicting that export of sweater to this market will increase in the last quarter of the on going year.
Exporting price for sweaters during the period from January – August, export prices on an average stood at $5.6 per piece, FOB, up 6.5 percent year-on–year.
Fibre2fashion News Desk - Vietnam
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
