Vietnam's cloth import down 13 pct in 10 months

November 5, 2020

Vietnam spent over 9.5 billion U.S. dollars importing cloth in the first 10 months of this year, posting a year-on-year decline of 13 percent, according to the General Statistics Office on Wednesday.

The country's largest cloth import markets included China, Japan and South Korea, according to the General Department of Vietnam Customs.

Between January and October, Vietnam imported more than 1.2 million tons of cotton worth over 1.9 billion U.S. dollars, down 1.2 percent in volume and 14.5 percent in value.

In the same period, the country also spent more than 1.6 billion U.S. dollars importing 832,000 tons of yarn, down 20.1 percent and 8.5 percent respectively.

Last year, Vietnam poured over 13.3 billion U.S. dollars into importing cloth and earned roughly 32.6 billion U.S. dollars from exporting garments and textiles, according to the office.