More than half of Vietnam’s textile, clothing and footwear imports come from China
According to Vietnam’s “Customs Online” report on September 19, the General Administration of Vietnam Customs announced that in August, Vietnam’s textile, clothing, footwear (all types of cotton, cloth, yarn and textile clothing shoes The import volume of similar raw materials and excipients reached US$1.89 billion. In the first eight months, the import volume of this product reached US$17.7 billion, a year-on-year increase of 29.4%, equivalent to a net increase of US$4 billion. The origin of this product mainly comes from China, with imports from China reaching US$9.2 billion, a year-on-year increase of 35%, accounting for 52%. The rest are South Korea (USD 1.7 billion, an increase of 15%), Taiwan (USD 1.7 billion, an increase of 32%), the United States (USD 1.3 billion, a decrease of 5.1%), and so on.
As of the end of August, Vietnam’s imports from China reached US$72.04 billion, a year-on-year increase of 46.1%, accounting for 33.3% of total imports.
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