Vietnam textile & garment export up 20.4% to $22.239 bn in Jan-Jul '22

05 Sep '22

2 min read

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Vietnam earned $22.239 billion from textile and garment exports in the first seven months of 2022, growing by 20.4 per cent over the same period of last year, according to the preliminary data of customs IT and statistics department, general department of customs, Vietnam’s ministry of finance. Yarn export was $3.097 billion in the same period of this year.

According to the latest figures, the US accounted for a major share (about 50 per cent) totalling $11.138 billion in textile and garment exports from Vietnam during the period under review. Japan and South Korea were the other major destination markets with exports of $2.059 billion and $1.683 billion, respectively.

Vietnam’s yarn exports, however, decreased by 2.1 per cent to $3.097 billion over the export of same period of last year. Of this, China imported around 46.59 per cent or $1.443 billion, followed by $77.100 million by India. In volume terms, Vietnam exported 964,165 tons of yarn which were 17.1 per cent lower than the export made during the corresponding period of last year.

In 2021, Vietnam’s textile and garment exports earned $32.750 billion, registering a growth of 9.9 per cent over the exports of $29.809 billion in the previous year, while yarn exports increased by 50.1 per cent to $5.609 billion from $3.736 billion in 2020.

For 2022, Vietnam has set a target to earn $43 billion from its textiles, garments and yarn exports, according to the Vietnam Textile and Apparel Association (VITAS).

Fibre2Fashion News Desk (KUL)

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