Vietnam's cloth import down 14.5 pct in 5 months

HANOI, June 3 (Xinhua) -- Vietnam spent nearly 4.7 billion U.S. dollars importing cloth in the first five months of this year, posting a year-on-year decrease of 14.5 percent, according to the country's Ministry of Industry and Trade on Wednesday.

 

Between January and May, Vietnam imported 686,000 tons of cotton worth over 1.1 billion U.S. dollars, up 2.8 percent in volume and down 9 percent in value.

 

The country also spent more than 860 million U.S. dollars importing 415,000 tons of yarn in the same period, down 15.5 percent and 6.5 percent, respectively.

 

In 2019, Vietnam poured over 13.3 billion U.S. dollars in importing cloth, up 4.4 percent on-year, nearly 2.6 billion U.S. dollars in importing cotton, down 14.8 percent, and more than 2.4 billion U.S. dollars importing yarn, down 0.5 percent.

 

Vietnam reaped roughly 32.6 billion U.S. dollars from exporting garments and textiles last year, up 6.9 percent against 2018, according to the country's General Statistics Office. Enditem