Garment sector tops nation’s exports
(VOV) -Garment and textile exports jumped 11.1% on-month in July to US$2.1 billion, surpassing the telephone sector as the nation’s leading export industry, reports the Ministry of Industry and Trade (MoIT).
According to the Ministry’s latest statistics, garment and textile exports outpaced the telephone sector by US$ 0.5 billion.
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In the first seven months of the year, cumulative garment and textile exports increased 19.4% on-year to US$11.48 billion. Garment exports achieved two-digit growth in most markets including the US (14.85%), Europe (26%), Japan (13.82%), and the Republic of Korea (36%).