Vietnam'S Clothing Exports Are Strong, Especially For The Chinese Market.

In the first quarter of 2017, Vietnamese clothing exports were strong and costumes were strong.

An increase of 10% (in US dollars) over the same period last year, up from 9.7% in the same period last year. The main export destinations are Asia and the United States, and the demand for European markets is relatively weak.

In the first quarter of 2015 and 2016, Vietnam's clothing exports increased by 7.4% and 4.9% respectively.

It is understood that the main destination of clothing exports from Vietnam to Asia is Japan, which accounts for about 11.7% of Vietnam's total garment exports and is the second largest destination after the United States.

In the first quarter, Vietnam's exports to Korea increased by 16.3% compared with the same period last year, and the increase in exports to China even exceeded 40%. Germany's year-on-year growth rate increased by 1.6%, compared with 3.1% in the United Kingdom.

At present, South Korea and China are the third and fourth largest destinations of Vietnam's clothing exports.

According to official data from the United States, in March 2017, Vietnam went to the United States.

Exports increased by 19.5% over the same period last year, up from 18% in the same period last year.

In the 1-4 months of 2017, Vietnam's clothing exports to the United States increased by 12% compared to the same period last year, and exports increased by 8.2% over the same period last year (in US dollars).

Chemical fiber clothing, since the first quarter of 2012, Vietnam to the United States

Export volume increased by 63%, and export volume increased by 72%.

Vietnam's share of the US market is about 13.36%, less than 31.55% of China's.

It is understood that Taiwan and other far east regions invest about 485 million US dollars to build facilities in Vietnam. It is expected that the output of Vietnam polyester staple fiber will further increase in the future.

At present, Vietnam is increasing its production of chemical fiber clothing, accounting for more than 50% of Vietnam's total clothing output.

As the US withdraws from the TPP, Vietnam will no longer get the duty-free access to the US market.

Last year, the free trade agreement signed between Vietnam and the EU could promote its export to the EU market.

It is understood that the free trade agreement between Vietnam and the EU will be implemented in 2018 and will provide tariff free concessions 8 years later.

Related links:

According to the latest statistics of the General Administration of Customs of China, in May 2017, the total export volume of textiles and clothing totaled 23 billion 406 million US dollars, down 0.47% from the same period last year (5.8% yuan over the same period last year), and the growth rate was 8.30%.

Among them, textiles exported 10 billion 406 million US dollars in the month, an increase of 1.97% over the same period (8.4% yuan over the same period last year), an increase of 6.03% in the annulus, and 13 billion US dollars in clothing exports in the same month, down 2.34% from the same period last year (3.8% in the year over year) and 10.20% in the annulus.

In 2017 1-5, the total export volume of textiles and clothing totaled US $99 billion 880 million, an increase of 2.12% over the same period last year (an increase of 8.5% in RMB).

Among them, the total export volume of textiles was 43 billion 485 million US dollars, an increase of 2.35% over the same period (8.6% yuan over the same period last year), and the total export volume of clothing was 56 billion 395 million US dollars, up 1.94% over the same period (8.3% in the year over year).

In May, textile exports continued to warm up, and garment exports showed monthly fluctuations and export year-on-year decline, dragging down the overall proportion of textile and clothing exports. However, from the cumulative export volume of 1~5 months, textile and garment exports continued to warm up. We expect that China's textile and garment exports will continue to grow throughout the year under the influence of external demand recovery, last year's low base effect and the depreciation of the RMB exchange rate compared with last year.

It is suggested that we continue to pay attention to the export oriented listed companies of the spinning and weaving section.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.