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US is Vietnam’s top cotton source

US cotton continued to be the major supplying source for spinners in Vietnam. Cotton imported from the US made up around 40 per cent of Vietnam’s total cotton imports over the past few years. Australian cotton remained the second largest supplier. Brazilian cotton took the third place. Vietnam’s cotton imports in September 2017 increased 56.09 per cent year on year and 1.55 per cent month on month.

In the first nine months of 2017, cotton imports were up 28.23 per cent from the corresponding period of last year. For September’s imports, the major supplier was the United States, with a proportion of 47.30 per cent.

From January to September 2017, cotton imports of Vietnam were up 28.23 per cent year on year. In September, cotton imports were up 56.09 per cent from a year ago. Vietnam’s cotton consumption has been increasing at an average 22 per cent year on year for the last five years.

In September 2017, textile and garment exports of Vietnam were up 9.76 per cent year on year and down 11.14 per cent month on month. In January-September 2017, export value increased 8.51 per cent from a year ago. The export value decreased somewhat in September.

 
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