Vietnamese textile and apparel export in Jun showed the second high in H1 2022

In Jun 2022, Vietnamese cotton import dropped by 35.8% year-on-year and 22.4% month-on-month. Vietnamese yarn imports moved down by 1.6% year-on-year and 10.8% month-on-month, and its exports dropped by 23.6% year-on-year and 3.9% month-on-month, respectively. Vietnamese fabrics imports decreased 6.2% year-on-year and 18.4% month-on-month. Vietnamese textiles and apparel exports moved up by 17% year-on-year and 13.1% month-on-month. The export value was second only to the highest level of 3.6 billion USD in Jan 2022, the second highest in the first half of 2022.

1. Vietnamese cotton import moved down in Jun year-on-year

Vietnamese cotton imports in Jun reached 93,500tons, down 35.8% over the same period last year and 22.4% from the previous month. U.S. was the main source of Vietnam's cotton imports, with 53,681 tons of imports, accounting for 57.4% of the total imports, followed by Brazil and Australia, accounting for 17.2% and 9.9%, respectively.

2. Vietnamese yarn import reduced in Jun both year-on-year and month-on-month

In Jun, Vietnam imported 91,300tons of yarns, down 1.6% year-on-year and 10.8% month-on-month respectively. By country, its yarn imports in Jun were mostly originated from China, China Taiwan and Korea. Of this total, 59,919tons of yarns were from China, 12,695tons from China Taiwan, and 5,197tons from Korea, accounting for 65.6%, 13.9% and 5.7% respectively.

3. Vietnamese yarn export moved down year-on-year and month-on-month in Jun

Vietnamese yarn exports reached 131,200tons, down 23.6% over the same period last year and 3.9% from the previous month. By country, the exports to China, South Korea and India were 47,850tons, 13,914tons, and 8,604tons, accounting for 36.5%, 10.6% and 6.6% respectively.

4. Vietnamese yarn net exports declined sharply year-on-year and month-on-month

Vietnamese yarn net exports reached 39,800tons, down 49.6% year-on-year and 16.8% month-on-month respectively.

5. Vietnamese fabrics imports decreased year-on-year and month-on-month in Jun

Vietnamese fabrics imports in Jun were 1.302billion USD, down 6.2% over the same period last year and 18.4% month-on-month. By country, its fabrics imports in Jun were mostly originated from China, China Taiwan, and South Korea, of which 850 million USD worth of fabrics were from China, 130 million USD worth of fabrics from China Taiwan and 160 million USD worth of fabrics from South Korea.

6. Vietnamese textiles and apparel exports value rose both year-on-year and month-on-month in Jun

Vietnamese textiles and apparel exports in Jun reached 3.586billion USD, up 17% year-on-year and 13.1% month-on-month respectively. By country, Vietnam exported 1,800million USD worth of textiles and apparel to US, 330million USD to Japan, and 200million USD to South Korea, accounting for 50.2%, 9.3% and 5.7% respectively.

In conclusion, Vietnamese textile and apparel exports in Jun increased for four consecutive months, which were second only to the highest level in the first half of 2022, but its cotton imports, yarn imports and grey fabric imports all decreased year-on-year and month-on-month.