Fibre, yarn exports surge over last 7 months

Fibre and yarn exports reached 750,000 tonnes, worth more than 1.85 billion USD, over the past seven months, surging 17 percent in volume and 26.5 percent in value against the same period last year.
Fibre, yarn exports surge over last 7 months ảnh 1Vietnamese fibre and yarn have been exported to nearly 20 countries worldwide. (Photo: baodautu.vn)
Hanoi (VNA) –Vietnam’s fibre and yarn exports reached 750,000 tonnes, worth more than 1.85billion USD, over the past seven months, surging 17 percent in volume and 26.5percent in value against the same period last year.

Over 341,000 tonnes of fibre and yarn were shipped abroad for 933.4 million USDin the first half of this year alone, up 18.5 percent in volume and 29.47 percentin value, according to the General Department of Customs.

Vietnamese fibre and yarn have been exported to nearly 20 countries worldwide.Of them, mainland China is the leading importer, accounting for 54.4 percent ofthe total value. The Republic of Korea and Turkey were the two other largestimporters of Vietnamese fibre and yarn. Other markets recording positiveimport turnovers included Taiwan, Hong Kong and Pakistan. 

Baodautu.vn quoted the Vietnam Cotton and Spinning Association as sayingthat Vietnamese businesses have shifted their export targets from Turkeyto China and Pakistan after its anti-dumping duties were imposed in recentyears. 

Although Turkey remained the third largest consumer of Vietnam’s fibresand yarns, exports to the market slumped significantly by 37.5 percent involume to 30,000 tonnes and 28.3 percent in value to 67.9 million USD fromJanuary to June period.-VNA
VNA

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