In June 2022, Vietnamese cotton imports dropped by 35 per cent year-on-year and 22 per cent month-on-month. Vietnamese yarn imports moved down one per cent year-on-year and 10 per cent month-on-month and exports dropped by 23 per cent year-on-year and three per cent month-on-month, states at CCF Group report.
Fabric imports decreased six per cent year-on-year and 18 per cent month-on-month. Vietnamese textiles and apparel exports moved up by 17 per cent year-on-year and 13 per cent month-on-month. The export value was second only to the highest level in January 2022, the second highest in the first half of 2022.
Vietnam’ cotton imports in June were down 35 per cent over the same period last year and 22 per cent from the previous month. The US was the main source of Vietnam’s cotton imports, accounting for 57 per cent of the total imports, followed by Brazil and Australia, accounting for 17 per cent and nine per cent respectively.
In conclusion, Vietnamese textile and apparel exports in June 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.