Imported raw material of textiles and footwear still not recovered

The correlation between import turnover from the beginning of the year to March 15, 2019 and 2020, calculation unit "million USD". Sketched by: T. Bình.

The latest statistics from the General Department of Vietnam Customs ( covering the first 15 days of March) showed that the key commodity groups related to the input materials of the two important manufacturing and export sectors mentioned above are still decreasing in turnover compared to the same period in 2019.

Four important groups of input materials listed by the customs authority including: cotton; fibers, threads; fabric; textile materials, shoes, sandals.

These commodity groups have turnover of up to $100 to a few hundred million USD per month.

The largest group is fabric, with a value of $444.5 million of import turnover in the first 15 days of March, thereby bringing the total turnover to more than $2 billion from the beginning of the year.

However, compared to the same period in 2019, the import turnover of this commodity group decreased by 12%, equivalent to $270 million.

Accumulated from the beginning of the year to March 15, the remaining three commodity groups were in the same situation.

Specifically, raw materials for textiles, shoes and sandals reached $967.3 million, down nearly 8%; cotton reached $494 million, down about 15%; fiber, threads reached $423.8 million, down about 6%.

Four groups of raw materials are mainly imported from Asian markets.

The update by market showed that, at the end of February, the Chinese market reached $1.24 billion, continuing to hold the first position, but decreasing by 16.7% compared to the same period last year.

Followed by South Korea with $389 million, down 11.9%; Taiwan market reached $334 million, down slightly by 0.4%; the US is $287 million, down 3.9%.