Preliminary data from the Customs Information Technology and Statistics Department of the General Administration of Vietnam Customs shows that Vietnam’s textile and clothing export revenue reached US$26.3 billion in the first eight months of 2022, an increase of 24.3% compared with the same period in 2021. %; yarn export value is US$3.5 billion.
According to the latest data, Vietnam’s textile and clothing exports to the United States were US$12.9 billion, accounting for approximately 46% of total exports; exports to Japan and South Korea were US$2.5 billion each. and US$2.1 billion.
However, compared with the same period in 2021, Vietnam’s yarn export value dropped by 5.3% to US$3.5 billion; of which the import value from China was US$1.6 billion, accounting for the total yarn imports 46.5%, followed by India, with an import value of US$87.99 million. In terms of quantity, Vietnam’s yarn export volume reached 1.09 million tons, a decrease of 17.4% compared with the same period in 2021.
Vietnam’s textile and clothing exports reached US$32.8 billion in 2021, an increase of 9.9% from US$29.8 billion in 2020. Yarn exports increased from US$3.7 billion in 2020. grew 50.1% to US$5.6 billion.
The Vietnam Textile and Apparel Association (VITAS) stated that Vietnam’s textile, clothing and yarn export target in 2022 is US$43 billion.
