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Vietnam's cotton yarn exports is expected to grow by 10% in 2018 - Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-26
Vietnam textile and clothing also continue to 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. Sino-us trade dispute for Vietnam to increase exports to the United States has provided the opportunity. Affected by trade, 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 China's clothing exports to the United States dropped sharply, it will lead to Chinese cotton imports plunged to Vietnam, but for now trade war Vietnam cotton yarn exports to China have a negative impact. In 2018, according to the Vietnamese customs in Vietnam for China's cotton yarn exports is expected to reach 780000 tons, up 9% from a year earlier. At the same time, Vietnam textile industry at home and abroad investment continued to increase. Yarn exports in 2018, Vietnam is expected to be 1. 45 million tons, up 7% from a year earlier, with about 1. 05 million tons of cotton yarn exports. China, South Korea and Turkey is the biggest importer, account for more than 80% of Vietnam's cotton yarn exports. Vietnam's cotton yarn exports to Turkey to reduce completely offset by China and South Korea. Vietnam will continue with its geography, cost, and the advantage of the free trade agreement to expand its export cotton yarn of the above three countries. Vietnam cotton imports mainly man-made fibers, cotton import few in number, domestic supply of cotton is more and more abundant.
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