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Saturday, 19 March 2022 00:12

Vietnam’s cotton imports decline by 7.1% in February

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In February 2022, Vietnamese cotton imports declined by 7.1 per cent month-on-month and 19.3 per cent year-on-year, and Vietnamese yarn imports dropped by 13.6 per cent month-on-month and 20.9 per cent year-on-year. Vietnamese textiles and apparel exports moved up by 13 per cent year-on-year but declined by 42.4 per cent month-on-month.

Vietnamese cotton imports in February reached 118,600 tonne, declining by 19.3 per cent over the same period last year and 17.1 per cent from the previous month. Brazil was the main source of Vietnam's cotton imports, with 36,602tonne of imports, accounting for 30.9 per cent of the total imports, followed by US and India, accounting for 23 per cent and 18.5 per cent, respectively.

Vietnam imported 80,600tonne of yarns during February, a 20.9 per cent year-on-year decline and 13.6 per cent month-on-month decline respectively. By country, its yarn imports in Feb were mostly originated from China, China Taiwan and Indonesia.

Vietnamese textiles and apparel exports in February reached $2.058billion, a 13 per cent year-on-year increase but a 42.4 per cent month-on-month decline.