Vietnam's Textile Exports Fall for 2 Consecutive Months

According to a report by Vietnam's "Customs Online" on October 28, Vietnam's textile exports in September 2021 were only US $2.28 billion, down US $0.377 billion from August and US $0.855 billion from July, the second consecutive month of decline.

At present, Vietnam's textile exports generally showed a slight growth trend. In the first nine months of 2021, textile exports were 23.41 billion billion US dollars, an increase of nearly 1.23 billion US dollars or 5.6 percent over the same period last year. The main export markets were the United States, the European Union and Japan, with exports to the United States of 11.62 billion US dollars, up 11.1 per cent, to the European Union of 2.75 billion US dollars, up 2.4 per cent, and to Japan of 2.28 billion US dollars, down 11.6 per cent. The main export commodities are clothing, cloth, fiber, non-woven fabrics, textile accessories.

Reported that the current Vietnam for textile production of raw materials is still heavily dependent on imports. According to Vietnam Customs statistics, in the first nine months of 2021, imports of raw materials and accessories for the textile and leather shoes industry reached US $19.6 billion, an increase of US $4.2 billion or 26.9 per cent over the same period last year, of which imports from China accounted for the largest proportion (52%), reaching US $10.1 billion, an increase of 31% over the same period last year, followed by South Korea's US $1.86 billion, Taiwan's US $1.83 billion and the US $1.4 billion.