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Vietnam'S Textile And Apparel Market Share Rises In The US

2010/8/20 9:52:00 57

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Vietnam Textile And Clothing

According to "Vietnam Economic Times" reported on August 19th, Vietnam Ministry of industry and trade

Industrial Trade

The Information Center said

Vietnam?

The share of textile and apparel in the US market is rising.

At present, Vietnam's textile and garment exports account for 4.96% of the US market share, up by one percentage point from the previous year.

In the first 7 months of this year, Vietnam's textile and clothing exports totaled US $6 billion 300 million, up 17% over the same period last year.

Among them, the United States

Exit

It accounts for 55% of its total exports.

Supplement:

According to Vietnam investment report August 9th, Vietnam textile and Apparel Association said that Vietnam's textile and garment export enterprises are in good condition.

Although it is only the 3 quarter, many enterprises have achieved export orders for the whole year, and export prices have increased by 15% over the same period.

Some enterprises even signed export orders next year.

For example, Vietnam TNG trading investment company has signed a US $45 million order with the US company, and the company is negotiating with its partners about the export contract next year.

India textile national minister Panabaaka Lakshmi said that in January this year, in January -5 exports of textiles and clothing to the United States and EU countries increased by 1.61% and 11.66% respectively.

In a written report, she added that the government has taken action to expand the market share of India in Japan, West Asia, Africa and Australia in cooperation with the textile export promotion agency.

These initiatives will include the India textile brand holding large-scale exhibitions in these countries, the buyer and the seller meeting to attend the high-profile textile fairs and exhibitions.

In 2009-10, India's clothing exports fell 2.64% to $10 billion 640 million, compared with $10 billion 930 million in 2008-09.

The main reason for the decline in exports is the decline in exports to the European market, no increase in exports to the US market, and price competition from other countries, such as Bangladesh and Vietnam.

According to the data of India garment export promotion association, India garment exports to the European Union 5 billion 680 million US dollars, accounting for 55% of the total clothing exports of India in 2009 over the years.

The United States is another major market for textiles in India. Exports to the United States account for 30% of India's overall clothing exports.