Vietnamese garment exports slipped to US $22.5 billion, down 15.9 percent year on year, in the first seven months of the current year.
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In the reporting period, shipments of garments dropped 24 percent to the US, 10 percent to the EU and China respectively, and 7.7 percent to South Korea as against the period between January and July 2022.
“In July 2023, apparel exports declined to $3.81 billion, a drop of 9.4 percent, when compared with July 2022, but rose 6.2 percent over June 2023,” data released by Vinatex informed.
In July too, the country’s readymade garment shipments decreased to its major markets like the US by 17 percent, to the EU by 10 percent, and to South Korea by 9.
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58 percent over July 2022.
However, exports of clothing and textiles to China touched $360 million, up 35 percent year on year in July, of which yarn exports reached $219 million, up a staggering 67 percent.
Shipments to Japan also grew in July 2023 to 8 million, ascending by 4 percent as against the same month in the earlier year.
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