Fibre & yarn exports rise in past 7 months
VOV.VN - Fibre & yarn exports hit 750,000 tons, valued at more than US$1.85 billion in the first seven months of this year, up 17% in volume and 26.5% in value against the same period last year, according to the General Department of Vietnam Customs.
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In the first half of this year, 341,000 tons of fibres and yarns were exported with a value of US$933.4 million, up 18.5% in volume and 29.47% in value. The Republic of Korea came second after China with 68,400 tons or US$164.6 million (up 39.6% and 40.65%, respectively).
Although Turkey was the third largest consumer of Vietnam fibres and yarns, exports to the market dipped sharply by 37.5% in volume to 30,000 tons and 28.3% in value to US$67.9 million.
Taiwan saw a sharp increase of 81.16% to 12,900 tons.
The Vietnam Cotton & Spinning Association said Turkey made up one-third of Vietnam’s fibre and yarn exports in the past, but after its anti-dumping duties were imposed in recent years, Vietnamese businesses have shifted their export targets to China and Pakistan.
