Garment material imports rise 20% in H1
(VOV) -The garment and textile sector’s raw material imports jumped 20.6% in the first six months of the year toUS$7.7 billion, the Vietnam Textile and Apparel Association (Vitas) reports.
Specifically, fabric imports were valued at US$4.63 billion, up 17.5% over last year, followed by accessories (US$1.5 billion, up 30.5%), and fibre (US$749 million, up 3.5%).
The country’s total garment and textile export turnover reached US$10.4 billion in the first half of 2014, 18.4% higher than the previous year.
Vitas statistics also show that import turnover of materials including fabric and fibre for export items hit US$5.9 billion in the reviewed period, an increase of 23.3% from a year ago.
To achieve the export target of US$13-US$13.5 billion in the remaining six months of 2014, the value of material imports is expected to increase sharply to keep pace with export production.