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In 2020, Vietnam’s clothing and textile exports will reach US $35.27 billion, down 9.29% year on year From Ministry of industry and trade of Vietnam

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The following is the In 2020, Vietnam’s clothing and textile exports will reach US $35.27 billion, down 9.29% year on year From Ministry of industry and trade of Vietnam recommended by recordtrend.com. And this article belongs to the classification: global economy .

Novel coronavirus pneumonia epidemic in Vietnam, Vietnam’s clothing and textile exports in 2020 were 35 billion 270 million US dollars, down 9.29% from the same period last year. The export of leather and footwear is about 20 billion US dollars, 2 billion US dollars less than that in 2019.

The report said that in recent years, Vietnam’s clothing and textile industry has made full use of such free trade agreements as Vietnam South Korea Free Trade Agreement (vkfta), Vietnam Asia Europe Economic Union free trade agreement (vn-eaeufta), comprehensive and progressive trans Pacific Partnership Agreement (cptpp) and Vietnam EU free trade agreement (evfta) to achieve leapfrog development. In 2016, the export value of clothing and textiles reached US $28.1 billion, and in 2019 it reached US $38.9 billion, with an average annual growth of 9.55%. In 2016, Vietnam’s clothing and textile exports ranked fourth after China, Palestine and India, and in 2019, Vietnam’s clothing and textile exports surpassed India and ranked third in the world.

Affected by the novel coronavirus pneumonia, Vietnam’s garment and textile industry in 2020 was one of the most seriously damaged industries as tourism, aviation and leather shoes. Vietnam’s clothing and textile exports have been seriously affected by the sharp drop in demand for epidemic prevention and control measures in the US and European markets (accounting for 48% and 18% of Vietnam’s clothing and textile exports respectively). The export of leather and footwear industry also encountered great difficulties due to the shrinking epidemic situation in the main markets of the United States and Europe (accounting for 36% and 27% of the export share of the industry respectively). More reading: Vietnam’s Ministry of industry and Trade: from January to February 2015, Vietnam exported about 4.17 billion US dollars of mobile phones and parts. Singapore Urban Renewal Authority: November 2020, Singapore’s private residential sales increased by 18% month on month. Korea customs office: in the first 10 days of January 2021, South Korea’s exports decreased by 15.4% year on year. CCID think tank: 2020 China us 500 top enterprises comparative study white paper (attached with download) World Economic Forum: to achieve Real economic recovery, please give more support to small and medium-sized enterprises outline trade technology: trade report in the fourth industrial revolution Costar: global economy and Sino US situation in the epidemic era after the closure of more than 11000 retail stores in the United States in 2020: 2021 macro annual strategy report (with download) Forbes: Global billionaire wealth will increase by US $1.9 trillion in 2020 global strategic positioning report: trillions of opportunities in national mental resources world economy Forum: Global Competitiveness Report 2020 – Special Edition Vietnam’s Ministry of industry and Trade: Vietnam’s export to Asia and Europe will increase by nearly 18% from January to October 2020 Sri Lanka garment industry association: Sri Lanka’s garment export is expected to reach US $3.7 billion in 2021

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