Vietnam cotton imports decline by 2% in H1, 2019

Vietnam imported 143.5kt of cotton in Jun, 2019, down 1.9% year on year and 1.1% month on month. In the first half year of 2019, cotton imports totaled 809.1kt, a decline of 2% year on year. Based on current growth rate, the imports may total 1.52 million tons in 2019, down 31kt from 2018.

I. Cotton imports decrease

Vietnam’s textile industry maintains the fast development with high growth rate, but the growth rate is slower compared to the corresponding period of last year, but higher than that in 2017. In Jun, textiles and garments export value reached 2.88 billion USD, up 4.9% year on year and 5.4% month on month. In the first half year of 2019, exports totaled 14.897 billion USD, up 9.1% year on year. Based on current growth rate, the export value could reach 33.2 billion USD in 2019, an increase of 2.76 billion USD from 2018.

Vietnam imported 143.5kt of cotton in Jun, 2019, down 1.9% year on year and 1.1% month on month. In the first half year of 2019, cotton imports totaled 809.1kt, a decline of 2% year on year. Based on current growth rate, the imports may total 1.52 million tons in 2019, down 31kt from 2018.