Export prices of shirts spirals up

January 01, 2009 - Vietnam

A statistical data released by Ministry of Industry and Trade show that in November, Vietnam exported around 6.7 million shirts worth US$ 40.4 million to 81 markets and territories.

The export of shirt slightly decreased 5.8 percent in quantity and 1.2 percent in value over October this year and 23.6 and 9.5 percent respectively over November 2007.

In total, during these 11 months, nearly 81.7 million products were exported at $445.6 million, showing a fall of 1.5 percent in quantity but up 6.5 percent in value year-on-year.

In this period, US emerged as the leading export market for made-in-Vietnam shirts. Almost 41.9 million units worth $207.4 million where exported here, showing a plunge of 12.7 and 5.1 percent, in terms of both volume and value over similar period last year, representing 46.5 percent of total export value of shirts.

Vietnam exported around 21.4 million units to EU, for $130.6 million, depicting a marginal growth of 5.5 and 11.1 percent in both quantity and value on a yearly basis; of these, export value to Germany, Italy and Belgium soared by 24.3 percent, 89.1 percent and 101.5 percent respectively on year.

The country exported nearly 9 million units to Japan valuing at $60.4 million, up 33.5 percent in quantity and 33.6 percent in value on year.

The average export price of shirt during the period from January to November stood at $5.45 each shirt, FOB, representing a year-on-year growth of 8.3 percent.