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.
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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.