Home >> Textile News >> Vietnamese textile and apparel export growth fell in May

Vietnamese textile and apparel export growth fell in May

2022-07-08 08:37:38 CCFGroup

In May 2022, Vietnamese cotton import dropped by 23.8% year-on-year but up 24.1% month-on-month. Vietnamese yarn imports rose by 9.1% year-on-year and 22.4% month-on-month, and its exports dropped by 18.3% year-on-year and 6.7% month-on-month, respectively. Vietnamese fabrics imports increased 5.9% year-on-year and 9.9% month-on-month. Vietnamese textiles and apparel exports moved up by 23.2% year-on-year and 0.6% month-on-month.

1. Vietnamese cotton import moved down in May year-on-year

0V]5@5697ZHPA1%O%VI8[CU.png

Vietnamese cotton imports in May reached 120,400tons, down 23.8% over the same period last year but up 24.1% from the previous month.

2. Vietnamese yarn import moved up in May both year-on-year and month-on-month

AP~ZC80JFECE]L_E]_B]C@B.png

In May, Vietnam imported 102,300tons of yarns, up 9.1% year-on-year and 22.4% month-on-month respectively.

3. Vietnamese yarn export moved down year-on-year and month-on-month in May

PZCSH5JVM]}XP@445)RLHEF.png

Vietnamese yarn exports reached 136,400tons, down 18.3% over the same period last year and 6.7% from the previous month.

4. Vietnamese yarn net exports declined sharply year-on-year and month-on-month

$4NQ3OSC@1GTTB$JYE2`9ZF.png

Vietnamese yarn net exports reached 34,100tons, down 53.5% year-on-year and 45.5 % month-on-month respectively.

5. Vietnamese fabrics imports increased year-on-year and month-on-month in May

`C04N}UQ63YJX$Q8R7%IMLS.png

Vietnamese fabrics imports in May were 1.595 billion USD, an increase of 5.9% over the same period last year but down 5.2% month-on-month.

6. Vietnamese textiles and apparel exports value rose both year-on-year and month-on-month in May

437EI(DX@71A@LN~7Z}U@MT.png

Vietnamese textiles and apparel exports in May reached 3.171billion USD, up 23.2% year-on-year and 0.6% month-on-month respectively. Vietnamese textiles and apparel exports YoY growth moved down by 3.6 percentage points and its MoM growth reduced by 2.7 percentage points from April.

In conclusion, Vietnamese textile and apparel exports were good in May but the YoY and MoM growth narrowed somewhat compared to Apr. Vietnamese cotton yarn mills are also facing the pressure of substantial reduction of profits brought by high cotton prices and the burden from weak downstream consumption.

Keywords: