The General Department of Customs suggests for the initially fifty percent, textile and garment exports from Vietnam grew by US$3.19bn in value conditions.
Textile and garment export expansion by desired destination
- 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 in the course of the initially 50 percent rose 13.5% to US$11.8bn 12 months on yr.
The US and EU have been the biggest importers of footwear items from Vietnam, with a yr on 12 months increase of 23.2% and 19% respectively.
Chinese imports of Vietnam’s footwear merchandise even so fell 20.2% to US$799m, as did Japan’s, which was down 2.9% to $496m.
Over-all all through the to start with 50 percent the full import and export value of Vietnam’s products achieved US$371.32bn, up 16.4%, equivalent to an boost of US$52.32bn about the same period of time in 2021.
According to the US Style Industry Association’s once-a-year report Vietnam stays a vital sourcing destination for US purchasers.
Drawing on the benefits of its 2022 Fashion Sector Benchmarking Analyze, the USFIA says specifically half of the respondents are sourcing extra from Vietnam than China in 2022 as vogue firms seem to diversify their sourcing tactics.
After China and Bangladesh, Vietnam is the world’s 3rd-premier apparel exporting state. Just Design just lately carried out analysis to hear what trend organizations had to say about Vietnam as a sourcing destination.