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Vietnam's textile & garment exports fall 12.9% to $27.67 bn in Jan-Oct

26 Nov '23
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Vietnam's textile and garment sector witnessed a ***.* per cent drop in exports, reaching $****.* billion from January to October 2023.
  • Yarn exports decreased by ***.* per cent year-on-year, although volume rose by ** per cent.
  • The US, Japan, and South Korea were key markets.
  • Cotton imports fell by ***.* per cent, with total fabric imports also declining.

*.*pt"> Vietnam&#**;s textile and garment sector experienced a **.* per cent decline in exports from January to October ****, totalling $**.*** billion, as reported by the customs IT and statistics department of the General Department of Customs under Vietnam&#**;s ministry of finance. In October ****, exports marginally decreased by *.* per cent to $*.*** billion compared to the previous month. 

*.*pt"> Simultaneously, Vietnam&#**;s yarn exports dropped by **.* per cent year-on-year to $*,***.*** million. However, in volume terms, the country saw a **.* per cent increase, exporting *,***,*** tons of yarn. 

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