Vietnam textile, garment exports see 20.8% jump in H1

The Common Division of Customs says for the primary half, textile and garment exports from Vietnam grew by US$3.19bn in worth phrases.

Textile and garment export progress by vacation spot

• US – up 22.7% to US$9.33bn
• EU – up 37.5% to US$2.13bn
• Japan – up 6.1% to US$1.67bn
• South Korea – up 9.7% to $1.37bn

Footwear exports through the first half rose 13.5% to US$11.8bn yr on yr.

The US and EU had been the largest importers of footwear merchandise from Vietnam, with a yr on yr rise of 23.2% and 19% respectively.

Chinese language imports of Vietnam’s footwear product nevertheless fell 20.2% to US$799m, as did Japan’s, which was down 2.9% to $496m.

Total through the first half the whole import and export worth of Vietnam’s items reached US$371.32bn, up 16.4%, equal to a rise of US$52.32bn over the identical interval in 2021.

In keeping with the US Vogue Business Affiliation’s annual report Vietnam stays a key sourcing vacation spot for US patrons.

Drawing on the outcomes of its 2022 Vogue Business Benchmarking Research, the USFIA says precisely half of the respondents are sourcing extra from Vietnam than China in 2022 as vogue firms look to diversify their sourcing methods.

After China and Bangladesh, Vietnam is the world’s third-largest attire exporting nation. Simply Type not too long ago carried out evaluation to listen to what vogue firms needed to say about Vietnam as a sourcing vacation spot.