Textile and garment exports in July reaches highest level over past year

	Green production is the future of Vietnam's textile industry
	Textile and garment exports will reach US $ fourty one billion

Textile and garment exports faced many challenges in the first months of the year. Photo: T.Binh

In July, textile and garment exports increased by 6.8% month-on-month. This is also the month with the highest value in the last 11 months.However, in the first seven month of the year, the total textile and garment export turnover deceased by 14.5% to US$19.05 billion year-on-year.

The three major export markets of this product group are the US, EU and South Korea. The export to the US, the EU and South Korea dropped 24%, 9.6% and 3.2% to US$ 8.46 billion, 2.33 billion and US$1.63 billion, respectively.

However, the export turnover of textile and garment group has prospered in the Japanese market. In the first seven months of the year, export turnover to this East Asian market rose 5.1% to US$ 2.16 billion year-on-year.

According to Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, in 2023, the textile and garment industry is expected to reach an export turnover of US$40 to 41 billion.

Currently, textiles are the fourth largest export group of Vietnam after computers, electronic products and components; mobile phones and components; machinery, equipment, tools and spare parts.