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Import of yarn decreases

Jan '09
According to statistics released by General Custom Department, in the month of November, Vietnam imported 30,400 ton yarn, valuing US $50 million, representing a decrease of 15.6 percent in quantity and 24.5 percent in value over October 2008 and 24.1 and 30.6 percent compared to similar period previous year.

During the period from January to November, the import quantity reached 379,300 tons worth $724,300 million, showcasing a downfall of 1.4 percent in quantity but rise of 7.9 percent in value year-on-year.

In November, the country imported 13.200 ton yarn from Taiwan worth $17.1 million, depicting a sharp fall by 11.3 percent in quantity and 28.8 percent in value over October and 29 percent and 44.6 percent over November 2007. In this period, the import quantity reached 157,700 tons, valuing $269.6 million, down 11.8 percent and 4.8 percent compared to same period 2007.

Nearly 33,900 ton of year has been imported from Korea, up 2.4 percent for $7.4 million in value, down 6 percent compared to October. The figures were 30,400 tons and $75.2 million as for 11 months, up 7.1 and 15.4 percent on year.

From Thailand the country imported 5,600 tons of yarn worth $7.3 million, showing a decrease of 14.8 and 29.6 percent over October. The import quantity and value reached $60,200 tons and $98 million during this period, down by mere one percent in quantity but up 3.6 percent in terms of value year-on-year.

In the month of November, import of yarn from China strongly decreased 44.2 percent in quantity and 36.9 percent in value over October and 55.2 and 30.3 percent over November 2007. In these 11 months, Vietnam spent around $114.5 million for importing 50,700 tons of yarn from China, up 34.2 and 29.2 percent on year.

The average import price of yarn during this period stood with in the range of $1,131- $2,530 per ton, up 9.5 percent on year.

Fibre2fashion News Desk - Vietnam

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