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According to the data, the USA accounted for around 50 per cent of the total export values constituting US $ 11.14 billion during the first 7-month period of 2022.

The event will be held both in-person and virtually in coordination with a number of domestic and foreign trade promotion units. The 20th edition exhibition is expected to attract more than 200 international brands from 14 countries.

Top six Asian countries (China, Vietnam, Bangladesh, India, Indonesia and Cambodia) together supplied US $ 32.82 billion worth of garments to USA in H1 ’22, which is 66.20 per cent of total import values of the USA.

According to the monthly Global Port Tracker report released recently by the National Retail Federation (NRF) and Hackett Associates, imports at the USA’s major container ports are expected to slow significantly for the remainder of the year, but 2022 should still see a net gain over 2021 after a record-setting spring.

This M-o-M increase is contrary to what industry has been talking about for last two/three months – downfall in consumers’ demand due to inflation! However, the predictions are still not clear and some say this demand may not have continued in July and the first week of August, the import data of which has not yet come.

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.