Import turnover of raw material textiles, garments and footwear reaches US$12 billion, China accounts for 49%

	Import turnover climbs to over US$78 billion during four-month period
	Foreign-invested economic sector enjoys growth from export and import turnover

The proportion of raw and auxiliary materials for the textiles, garments and footwear industry imported from China and elsewhere. Chart: T. Binh.

According to the General Department of Vietnam Customs, in the first seven months of the year, China wasthe largest import market for textiles, garments and footwear (including cotton, fabrics, textile fibres and raw and auxiliary materials for textiles, garments and footwear). Although import turnover of the commodity group fell12% compared to 2019, it still accounted for 49% of the country's import turnover (equivalent to US$5.88 billion).

Regarding import of raw materials and auxiliary materials for textiles, garments and footwear in July continued a slight increase (16%), hittingUS$1.76 billion compared to the previous month.

However, in the first seven months, total import value of the commodity group only reached US$12.02 billion, a sharp decrease of 16% compared to the same period in 2019.

This was the commodity group with the strongest decline among Vietnam’s major import commodity groups in the seven months.

The decrease in imports of raw and auxiliary materials for textiles, garments and footwear wassimilar to the difficulties of the export of the commodity group in the first months of the year.

In the first seven of the year, the export of textiles and garments was US$16.25 billion, decreasing by 11.7% compared to 2019.

In the first sevenmonths of the year, the US wasstill the largest textile and garment export market of Vietnam with a value of US$7.66 billion, an year-on-year decline of 9.6%. Followed by the EU market with a value of US$2.02 billion, an year-on-year decrease of 18.3%; Japan with value of US$1.97 billion, an year-on-year dropof 8.3%.

Export turnover of footwear in the first seven months of the year reached US$9.5 billion, down 8.3% over the same period last year.

The export turnover of this commodity to the US reached US$3.43 billion, down by 8.6% and to the EU with US$ 2.47 billion, down by 16%.