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Vietnam cotton in 2018 is expected to reach 780000 tons, exports to China Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-26
Vietnam textile and apparel to continue steady growth, textile and garment association ( VITAS) Vietnam textile and apparel exports in 2018 is expected to reach $36 billion, up 14% from a year earlier. Provide opportunities to a trade war with China to increase exports to the United States in Vietnam. Affected by a trade war with China, Chinese companies began plotting to southeast Asia, overseas markets, including Vietnam. First 11 months of 2018 Vietnam garment exports to the United States reached $12. 4 billion, up 9% from a year earlier. At the beginning of a trade war with China, Vietnam textile industry was very concerned about Chinese clothing exports to the United States dropped sharply, it will cause China to Vietnam cotton imports have fallen sharply, but for now a trade war with China and not to the Vietnam cotton yarn exports to China have a negative impact. According to the Vietnamese customs statistics, Vietnam cotton yarn exports to China in 2018 is expected to reach 780000 tons, up 9% from a year earlier. Vietnam textile industry at home and abroad investment continues to increase at the same time. Yarn exports is expected to 2018, 1. 45 million tons, up 7% from a year earlier, of which about 1. 05 million tons of cotton yarn exports. China, South Korea, Turkey's largest importer, account for more than 80% of Vietnam's cotton yarn exports. Vietnam's cotton yarn exports to Turkey reduce completely offset by China and South Korea. Vietnam will continue with its geography, cost, the advantage of the free trade agreement to expand on the above three countries cotton yarn exports. Vietnam cotton imports mainly man-made fibers, cotton import few in number, domestic cotton yarn supply is more and more abundant.
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