1-3, Vietnam'S Textile And Clothing Exports Decreased By 9%

 

In March 2020, Vietnam exported 152 thousand and 500 tons of yarn, an increase of 4.5% in the chain, and 406 thousand and 500 tons in 1-3 months, an increase of 5.7% over the same period last year. In March, the export volume of textiles and clothing was 2 billion 338 million 600 thousand US dollars, an increase of 4.7% over the month, and 7 billion 32 million 600 thousand US dollars in 1-3 months, a decrease of 1.4% over the same period last year.

 

In March 2020, Vietnam's textile and clothing exports totaled 2 billion 280 million US dollars, a decrease of 17.37% compared to the same period, a decrease of 26.87% over the same period last year. In 1-3 months, Vietnam's textile and clothing exports amounted to US $7 billion 930 million, a year-on-year decrease of 8.96%, of which clothing exports amounted to US $6 billion 490 million, a decrease of 8.9% over the same period last year.

 

2020 may be the most difficult year in the history of Vietnam's textile and garment industry. In January, the new crown outbreak broke out in China, and enterprises were faced with a shortage of materials. However, the supply of raw materials has just eased, and the outbreak of major export markets in Vietnam, such as the United States, the European Union and Japan, has brought greater problems to Vietnam's exports. Us and EU customers have announced suspension, delay or cancellation of textile orders, causing textile companies that have just solved the shortage of production materials into order difficulties.

 

Since mid March, some leading customers in the European Union and the United States have reported negative notices to Vietnamese textile and garment manufacturers, mainly extending the delivery time from 3 months to 4 months, waiting for market recovery.