Vietnamese clothiers gain US import market share

VOV.VN - Among the top 10 clothing trading partners only – Vietnam, Nicaragua and Mexico – grew their apparel shipments to the US for the first half of 2017, according to official data released Friday, August 4.

vietnamese clothiers gain us import market share  hinh 0
Total apparel imports to the US declined by 1.9% on an MFA basis in the first six months of 2017, to US$37.2 billion from almost US$38 billion in the same period in 2016, according to the data released by the US Census Bureau.

Vietnamese clothing shipments to the US grew by 5.5% to US$5.4 billion in the period, gaining one percentage point of import market share.

Troubled brick-and-mortar retailers are experiencing a string of closures resulting in stores holding off on placing orders, which is creating a slowdown in demand, said the Census Bureau.

In addition, Vietnamese factories report that US buyers are placing smaller, more frequent orders with shorter requested lead times.

VOV

Related news

Most Popular Video