US imports over $10b of VN’s textiles
US imports over $10b of VN’s textiles
In the first 10 months of this year, Viet Nam’s export value of textiles and garments in the country was US$21.43 billion, a year-on-year increase of nine per cent.
The United States is the top market for Viet Nam’s textile and garment products, with $10.2 billion, up 7.8 per cent against last year, followed by the EU market with $3.06 billion and Japan with $2.52 billion, up 5.7 per cent and six per cent, compared to the same period last year, respectively.
The Vietnamese export value of textiles and garments to the Republic of Korea market was valued at $2.34 billion in the reviewed period, ranking fourth, but is the highest growth market, with a 12.2 per cent increase over the same period last year.
Pham Xuan Hong, chairman of the HCM City Association of Garment Textile Embroidery-Knitting (Agtek), said the export growth rate of the textile industry is stable at a rate of 10 per cent, and with favourable trends for the rest of the months of the year, the export turnover is expected to reach the year’s target of $30.5-31 billion.
Last year, the export turnover of Viet Nam’s textile industry was $28.1 billion.
