Home breadcru News breadcru Trade breadcru  | Vietnam's textile & garment exports rise 10.5% to $30.5 bn in Jan-Oct

Prime Content | 
Vietnam's textile & garment exports rise 10.5% to $30.5 bn in Jan-Oct

15 Nov '24
2 min read
Vietnam's textile & garment exports rise 10.5% to $30.5 bn in Jan-Oct
Vietnam's textile & garment exports rise 10.5% to $30.5 bn in Jan-Oct

Insights

  • Vietnam's textile and garment exports (excluding yarn and fibre) grew by ***.* per cent YoY, reaching $****** billion from January to October 2024.
  • Yarn exports rose slightly, with China as the top buyer, while the US led in garment purchases.
  • Imports of cotton and fabric also increased.
  • VITAS set a reduced export target of $**** billion for 2024, responding to global market challenges.

Meanwhile, Vietnam’s yarn exports rose slightly by *.* per cent year-on-year, totalling $*.*** billion. In volume terms, yarn exports increased by *.* per cent, with the country exporting *.*** million tonnes of yarn in the first ten months of ****. On a month-on-month basis, yarn exports grew by **.* per cent in value and **.* per cent in volume. In October ****, Vietnam exported ***,*** tonnes of yarn, valued at $***.*** million.

The United States remained the largest market for Vietnam’s textile and garment exports, accounting for **.** per cent of the total, equivalent to $**.*** billion. Japan and South Korea were also key markets, with exports amounting to $*.*** billion and $*.*** billion, respectively.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!