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Home / Knowledge / News / Textiles / Export value of textile & garment products soar in 10 months

Export value of textile & garment products soar in 10 months

09
Dec '08

According to statistics released by the Ministry of Industry and Trade, in the month of October 2008, the export value of textile and garment products reached US $753 million, demonstrates an annual growth of 12.6 percent.

Total export value in the period from January to October touched $7.59 billion, showcases a surge of 19.59 percent on-year.

During these 10 months, Vietnam earned $50.08 million worth of foreign exchange from exporting to Hungary where the export value of textile and garment topped the list with $16.82 million, registering a rise of 33.59 percent of the total export value.

In this period, Vietnam exported textile and garment products to Belgium, Brazil and Portugal and fetched $88.97 million, $11.12 million, and $541.47 million respectively.

US remained, during this period, the largest destination for Vietnamese textile and garment product with $4.3 billion export value, increasing 17.35 percent over same period 2007. EU and Japan came next with value of $1.3 billion and $676.4 million respectively, showcasing an increase of 16 and 15 percent.

Fibre2fashion News Desk - Vietnam

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