Vietnam is projecting to clock US $ 45.70 billion export turnover in garment and textile sector during 2022, as stated by the General Department of Vietnam Customs.
Business News
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Trade Data
Bangladesh remains top shipper of cotton trouser to the US market in first 5-month period of 2022
The USA has imported US $ 6.38 billion worth of cotton trousers during Jan.-May ’22 period, growing by 39.19 per cent on yearly basis. Bangladesh remained the top shipper of cotton trousers to USA as the US buyers sourced US $ 1.50 billion worth of cotton trousers from the country.
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Trade Data
China supplies 53% of Vietnam’s raw material requirements for garment and textile in H1 ’22
China is the largest market supplying raw materials and accessories for the textile and garment industry to Vietnam with a turnover of nearly US $ 7.80 billion, up 11.70 per cent compared to the previous year.
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Analysing OTEXA data, team Apparel Resources found that USA imported US $ 40.94 billion worth of apparels in January to May 2022 period, of which US $ 20.15 billion is shared by cotton apparels. The share of MMF apparels was US $ 18.89 billion – 46.14 per cent of the total import values.
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US swimwear imports have increased by 36.36 per cent to US $ 937.57 million during January to May 2022 period, as per OTEXA. The imports have already surpassed the values of CY ’20, while CY ’21’s swimwear import values are about to be touched, as suggested by data.
