Vietnam's textile industry witnessed a diverse performance in June 2023, with notable fluctuations in key import and export categories.
According to recent statistics, cotton imports surged by 26.2% year-on-year (YoY) to 117.9kt but declined by 19.1% month-on-month (MoM).
Yarn imports, on the other hand, exhibited an upward trend, rising by 3.7% YoY and 5.9% MoM. In terms of exports, Vietnam experienced a YoY increase of 17.4% in yarn exports, amounting to 154,000 tons.
However, these exports decreased by 3.9% compared to the previous month. Despite this, net yarn exports showed positive growth, soaring by 48.8% YoY. In contrast, imports of grey fabrics and woven fabrics showed a decline both YoY and MoM, falling by 16.6% and 9.3%, respectively.
Textile and apparel exports also faced challenges, decreasing by 14.7% YoY, although they rebounded by 4.9% compared to the previous month. Overall, while some segments experienced growth, others encountered setbacks, shaping a mixed performance for Vietnam's textile industry in June.
However, considering the data for the second quarter, the industry showed signs of improvement compared to the first quarter. Nevertheless, certain areas, such as yarn imports and textile and apparel exports, lagged behind previous-year levels, indicating the need for close monitoring and strategic adjustments.
