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In July 2024, textile and garment export turnover is the highest in the last 2 years 

 Thursday, August 15,2024

AsemconnectVietnam - July is the first month in 2024 that textile and garment export turnover exceeds 4 billion USD mark and is also the month with the highest turnover since August 2022.

According to the latest preliminary statistics of General Department of Customs, Vietnam's textile and garment export turnover reached 4.29 billion USD in July 2024, up 12.4% over the same period last year and up 16.1% over the previous month. Of which: Textile fibers reached 373.3 million USD, down 2.7% over the same period, up 6% over the previous month; textiles reached 3.71 billion USD, up 13.7% over the same period, up 17.6% over the previous month; curtain fabrics and other technical fabrics reached 68.2 million USD, up 34.7% over the same period, up 7% over the previous month; Textile, garment, leather and footwear raw materials and accessories reached 135 million USD, up 17.2% over the same period and up 10.1% over the previous month
In the first 7 months of 2024, Vietnam's textile and garment exports reached 23.9 billion USD, up 5.9% over the same period, equivalent to an increase of 1.33 billion USD, of which: Textile fibers reached 2.53 billion USD, up 3.5% over the same period; textiles and garments reached 20.2 billion USD, up 6.3% over the same period; other technical fabrics and fabrics reached 458 million USD, up 18% over the same period; textile, garment, leather and footwear raw materials and accessories reached 878 million USD, up 11.4% over the same period.
Despite positive results, Mr. Truong Van Cam - Vice President of Vietnam Textile and Apparel Association said: Currently, the world economy is experiencing many fluctuations that will affect export industries, including textile and garment industry.
According to Mr. Cam, especially increase in technical barriers in Vietnam's textile and garment import markets and domestic enterprises are lacking information about these technical measures, such as: the US Anti-Uyghur Forced Labor Act, German Supply Chain Inspection Act, EU Supply Chain Inspection Directive...
Faced with the above difficulties, at the July 2024 Trade Promotion Conference of Ministry of Industry and Trade, representative of Vietnam Textile and Apparel Association requested Vietnam Trade Office abroad, especially in areas that are major export markets of the industry, to grasp information and provide early warnings so that domestic enterprises can take response measures.

Source: Vitic/ congthuong.vn
 

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