Pay Close Attention To Vietnam'S Textile And Clothing Export Volume In 2021 May Reach 38 Billion US Dollars

According to Vietnam's financial times on November 22, 92-93% of factories in Ho Chi Minh City and southern provinces affected by the epidemic have resumed production after the relaxation of social isolation measures, Vietnam's Financial Times reported on November 22. In the first 10 months, Vietnam's textile and clothing exports reached 32 billion US dollars, up 10.8% year-on-year.

According to the current situation of production and completion of export orders, Vitas estimates that the total export volume of 2021 will be nearly 38 billion US dollars, with a year-on-year increase of 8.1%.

Under the severe impact of the continuous epidemic, the yarn industry has become a bright spot to maintain high production capacity due to its characteristics of less labor and high degree of automation. In addition, the price of yarn has risen, and the export volume has increased significantly compared with last year. According to Vitas, yarn exports in the first 10 months amounted to about $4.5 billion, or $5.1 billion for the whole year, an increase of 42%. In addition, the export volume of various kinds of cloth has also reached 2 billion US dollars, which may reach 2.4 billion US dollars in the whole year.

According to the data distributed by the Ministry of industry and trade, in the first 10 months of 2021, the export of technical fabrics increased by 76.8% to US $636 million, compared with us $360 million in the same period last year. According to the analysis of the global consumption trend and the economic recovery ability of big markets such as the United States, Europe and Japan, the export volume of textile and clothing industry is expected to reach 43-43.5 billion US dollars in 2022. It is suggested that enterprises should grasp the consumption trend in time and focus on the markets of the United States, cptpp and EU 27 countries in order to make full use of FTA advantages.