Thursday, July 19,2018 - 22:36 GMT+7  Việt Nam EngLish 

Exports of textiles and garments totaled US$ 8.6 billion in four months 

 Monday, May 14,2018

AsemconnectVietnam - Vietnam’s exports of textiles and garments in the first four months were estimated at US$8.6 billion, a year – on - year increase of 15.7 per cent.

The textiles and garment industry gained the second-largest export value in the first four months of this year, after the export value of phones and their components, according to the Ministry of Industry and Trade.

Regarding the export markets, the ministry said in the first three months of the year, the United States ranked first, with the export value of textiles and garments from Viet Nam reaching $3.04 billion, a year-on-year surge of 11.6 per cent. This accounted for 47.3 per cent of the total garment export value.

The export value of textiles and garments from Viet Nam to Japan reached $855.44 million, 19.6 per cent higher than the same period last year, accounting for 13.3 per cent of the total export value.

The export value of textiles and garments to South Korea stood at $798.6 million and $268.95 million to China, an increase of 14.8 per cent and 40.9 per cent, respectively, against the same period in 2017.

Meanwhile, the value rose by 11.8 per cent to reach $806.23 million worth of exports to the European Union and by 26 per cent to $228.36 million worth of exports to the ASEAN market compared to the same period last year.

To reach the target of $35 billion in total textiles and garment export value for this year, the Viet Nam Textile and Apparel Association has asked enterprises to fully exploit the working capacity of their workers as well as restructure their management practices to improve labour productivity.

Besides maintaining and developing export markets such as the United States, European Union, Japan and South Korea, the enterprises should focus on developing other markets such as ASEAN, Eurasian Economic Union, India and Latin American countries, including linkage with the distribution system in the local market. 
 
Exports of textiles and garments reached $ 6.43 billion in first quarter

Vietnam earned US$ 6.43 billion from exports of textiles and garments in the first quarter of this year, increased by 14.3 per cent over the same period last year and accounted for 11.6 per cent of the country’s total export turnover in the period, showed the statistics figures of the General Department of Customs.

In March only, the exports of textiles and garments increased sharply by 42.6 per cent month – on – month and by 10.3 per cent year – on – year to $ 2.32 billion.

The U.S was the country’s biggest export market of textiles and garments in the first quarter of this year with the export turnover of $ 3.04 billion, up by 11.6 per cent compared with the same period last year.
Meanwhile, the exports of textiles and garments to Japan reached $ 855.44 million, up by 19.6 per cent year – on – year; to South Korea - $ 798.6 million, up by 14.8 per cent; to China - $ 268.95 million, up by 40.9 per cent.

The exports of textiles and garments to EU countries reached $ 806.23 million, up by 11.8 per cent year – on – year; and to the South East Asian countries reached $ 228.36 million, up by 26 per cent.
In the first quarter of this year, Vietnam’s exports of textiles and garments to Angola increased sharply by 234.9 per cent to $ 3.19 million; to Turkey – up by 144 per cent to $ 10.28 million; to Finland – up by 142.6 per cent to $ 4.02 million; to Egypt – up by 131.8 per cent to $ 1.34 million; and to Myanmar – up by 73.7 per cent to $ 4.97 million.

However, the country’s exports of textiles and garments to Ghana, Slovakia, Laos, Russia and Greece decreased by 96.3 per cent; 57.8 per cent; 44.3 per cent; 38.5 per cent and 27.2 per cent, respectively year – on – year.
Source: VITIC/Vietnamplus 

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