-Vietnam’s textile and apparel exports grew .% year-on-year
According to data from the Customs Information and Statistics Department of the General Administration of Customs of the Ministry of Finance of Vietnam, Vietnam’s textile and clothing exports reached US$31.73 billion in the first 10 months of 2022, an increase of 21.6% compared with the same period in 2021; However, exports in September 2022 fell by 0.8% compared with August.
Vietnam’s total textile and apparel exports to the United States reached US$14.89 billion, accounting for the bulk of exports (approximately 46.91%); the other two major exporting countries: Japan US$3.3 billion, South Korea $2.86 billion.
However, compared with the same period in 2021, Vietnam’s yarn exports fell by 10.6% to US$4.08 billion; of which exports to China accounted for approximately 46.4%, and the export value reached 18.9 100 million US dollars, about 100 million US dollars in India. In terms of volume, Vietnam’s yarn export volume was 1.32 million tons, down 18% from the same period in 2021.
Affected by the slowdown in international market demand, Vietnam’s textile and apparel exports fell by 0.8% in October compared with September 2022; exports in September also decreased by 31.9% compared with August. %.
Vietnam’s textile and apparel exports in 2021 will be US$32.75 billion, an increase of 9.9% from US$29.81 billion in 2020, and yarn exports will be US$3.74 billion in 2020. 50.1% to $5.61 billion.
According to the Vietnam Textile and Apparel Association (VITAS), Vietnam has set an export target of US$43 billion for textiles, clothing, and yarn in 2022.
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