Vietnam's fabric & garment exports grow 12% in Jan-Feb '15

23 Mar '15

2 min read

Fabric and garment exports from the Southeast Asian nation of Vietnam grew at nearly 12 per cent year-on-year to US$ 3.249 billion in the first two months of 2015, according to the preliminary data released by the customs IT & statistics department, general department of customs, Vietnam’s ministry of finance.

Destination-wise, the US alone accounted for $1.57 billion worth of fabric and apparel from Vietnam during January-February 2015, followed by Japan and South Korea with exports to these countries valued at $412.33 million and $321.659 million, respectively.

Vietnam also exported 127,260 tons of yarn fetching $347.805 million during the two-month period, registering an increase of 12.4 per cent and 2 per cent year-on-year, respectively, according to the data.

Thus, Vietnam’s total earnings from yarn, fabric and garment exports stood at $3.547 billion during the period under review. On the other hand, Vietnam imported 132,332 tons of cotton and 107,765 tons of yarn, valued at $210.447 million and $222.36 million, respectively.

Vietnam’s fabric imports soared by 18.2 per cent year over year to $1.343 billion, of which, imports from China were valued at $694.819 million during the two-month period.

In 2014, Vietnam’s fabric and garment exports grew at 16.8 per cent year-on-year to US$ 20.948 billion. (RKS)

Fibre2fashion News Desk - India

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