China accounts for more than 50% of textile and footwear materials import turnover

VCN - China, Taiwan, South Korea, and the US are the four largest import markets of the raw materials for the textiles, apparel, and footwear group.
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China accounts for more than 50% of textile and footwear materials import turnover
Four major markets in total import turnover of textile, garment and footwear materials in the first six months, unit "US$ billion". Chart: T.Binh

In June, the whole country spent US$2.48 billion importing raw materials and accessories for the textile and garment industry, leather and footwear (including cotton of all kinds; fabrics of all kinds; textile fibers of all kinds and raw materials for textile and garment leather and footwear), down 6.6% from the previous month.

However, in general, in the first six months of this year, this group of goods still achieved a high growth rate of 31.9% (equivalent to an increase of US$3.3 billion) and the turnover reached US$13.53 billion.

In this group of goods, cloth is the item with the largest import turnover at US$7.28 billion, up 32% over the same period in 2020.

In the first six months of the year, China, Taiwan, South Korea, and the US are the four largest import markets of the group of raw materials for textiles, garments, leather, and footwear.

In which, China is the top market with US$6.94 billion, up 41% over the same period in 2020 and accounting for 51% of the country's turnover.

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Followed by the Taiwan with US$1.3 billion, up 32.5%; Korea with US$1.3 billion, up 16.5%; the US with US$967 million, down 8.3%.

By Thai Binh/Dieu Huong

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