Vietnam earned $17.953 billion from textile and garment exports in the first six months of 2021. Of this, yarn exports accounted for $2.642 billion while fabric and garment exports were valued at $15.310 billion, according to the preliminary data released by the customs IT & statistics department, general department of customs, Vietnam’s ministry of finance.

Fabric and garment exports from the Southeast Asian nation increased by 15.5 per cent year-on-year to $15.310 billion during January-June 2021. Of this, the US alone accounted for nearly half or $7.606 billion, followed by Japan and South Korea with exports to these countries valued at $1.572 billion and $1.243 billion, respectively.

Vietnam also exported 986,074 tons of yarn, registering a sharp rise of 35.5 per cent year-on-year by volume, according to the data. This was valued at $2.642 billion, registering a surge of 64.2 per cent. Of this, China imported around 54.23 per cent or $1.433 billion, followed by $35.424 million by India.

In 2020, Vietnam's textile and garment exports earned $33.546 billion, registering a decline of 9.35 per cent over $37.009 billion exports in the previous year. While yarn exports were down 10.5 per cent to $3.736 billion, fabric and garment exports decreased by 9.2 per cent to $29.809 billion.

For 2021, Vietnam has set a target to earn $39 billion from its textiles and garments exports, according to the Vietnam Textile and Apparel Association (VITAS).

Fibre2Fashion News Desk (RKS)

Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.