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Vietnam's textile & garment exports rise 3.8% to $13 bn in Jan-May

26 Jun '24
2 min read
Vietnam's textile & garment exports rise 3.8% to $13 bn in Jan-May
Vietnam's textile & garment exports rise 3.8% to $13 bn in Jan-May

Insights

  • Vietnam's textile and garment exports rose by *.*% to $******** billion in January-May 2024, with May exports up by *.*%.
  • Yarn exports increased by *.*%, while cotton imports surged by *.*%.
  • US was the top market for textiles, and China for yarn.
  • Due to decreased global demand, the export target for 2024 is set at $**** billion.

Simultaneously, Vietnam’s yarn exports saw a *.* per cent increase year-on-year to $*,***.*** million. In terms of volume, there was a **.* per cent rise, with the country exporting ***,*** tons of yarn in the first five months of ****. On a month-on-month basis, yarn exports increased by *.* per cent in value and *.* per cent in volume.

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

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