Textile and garment export turnover in 2016 is estimated at $ 28.5 billion

This figure is lower than expected $ 1.5 billion and is expected to complete about 92% of the plan. Vietnam Textile and Garment Association predicts that in the last two months of the year, Vietnam's garment export turnover is estimated at 5, $ 1 billion raised the annual figure for this item to $ 28.5 billion.

Vietnam's main export market is China, accounting for over 50% of the total volume. However, after Turkey imposed anti-dumping duties on this commodity in Vietnam, the Chinese market has been driven by the fact that the exporters of yarn may be at risk of over-reliance on this market.

According to the Vietnam Textile and Garment Association, Vietnam's garment exports to the US in 2016 are estimated at $ 11.4 billion, up 4% from 2015. The US remains the key market for Vietnam's textile and apparel exports. Male.

By 2014, the size of the world textile and apparel market will reach nearly $ 1,579 billion; 2015 to reach 1.685 billion dollars. It is forecasted that the world textile and apparel market will reach US $ 1.9 billion by 2020 and US $ 2,600 billion by 2025.

The eight major consumer markets include EU27 + 1, USA, China, Japan, India, Brazil, Russia and Canada.