Sunday, October 22 2017

VietNamNews

Fibre, yarn exports surge over last 7 months

Update: August, 09/2017 - 14:00
Vietnamese fibre and yarn have been exported to nearly 20 countries worldwide. — Photo baodautu.vn
Viet Nam News

HÀ NỘI — The nation’s fibre and yarn exports reached 750,000 tonnes, worth more than US$1.85 billion over the past seven months, surging 17 per cent in volume and 26.5 per cent in value against the same period last year.

Over 341,000 tonnes of fibre and yarn were shipped abroad for $933.4 million in the first half of this year alone, up 18.5 per cent in volume and 29.47 per cent in value, according to the General Department of Customs.

Vietnamese fibre and yarn have been exported to nearly 20 countries worldwide. Of them, mainland China is the leading importer, accounting for 54.4 per cent of the total value. South Korea and Turkey were the two other largest importers of Vietnamese fibre and yarn. Other markets recording positive import turnovers included Taiwan, Hong Kong and Pakistan. 

Baodautu.vn quoted the Việt Nam Cotton and Spinning Association as saying that Vietnamese businesses have shifted their export targets from Turkey to China and Pakistan after its anti-dumping duties were imposed in recent years. 

Although Turkey remaied the third largest consumer of Việt Nam’s fibres and yarns, exports to the market slumped signficantly by 37.5 per cent in volume to 30,000 tonnes and 28.3 per cent in value to $67.9 million from January to June period. — VNS

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