Vietnam 90% Textile And Leather Raw Materials Imported From China

< p > Vietnam has the advantage of cheap labor force, which has promoted its "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "industry to develop rapidly. However, because the surrounding industry has not yet developed, it can not meet the needs of domestic processing export industry.

90% textile raw materials a target= "_blank" href= "//www.sjfzxm.com/" > Leather > /a > were imported from China, resulting in the first quarter of 2013, which accounted for 25% of Vietnam's total imports.

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< p > Vietnam textile industry develops rapidly relying on cheap labor force, but because the peripheral industry has not yet developed, it can not meet the needs of domestic processing export industry.

90% raw and auxiliary materials must be imported from China, of which 80% of China's imported textile and leather raw materials are processed in Vietnam and then exported to the United States, the European Union and Japan.

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In 2013, Vietnam's textile exports amounted to US $3 billion 700 million in the first 3 months of 2013, an increase of 18.3%.

It is noteworthy that the global economy will continue to encounter difficulties in 2013, and continuous production is an important task for Vietnamese textile enterprises.

Vietnam's textile exports to the traditional market are facing difficulties, and the demand for major markets such as the United States, Japan and the EU is decreasing.

To this end, Vietnamese textile enterprises should seek new partners and expand export markets.

At the same time, Vietnamese textile enterprises must improve their product quality to meet the increasing demand of the traditional import market.

In the first quarter of this year, the growth rate in emerging markets instead of traditional markets is even better.

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< p > Vietnam's textile exports to the ASEAN (ASEAN) market amounted to $111 million 400 thousand, an increase of 44.4% over the same period (2012). Among them, Kampuchea's textile imports amounting to US $45 million 700 thousand became the primary import market, which increased by 103%. over the same period (2012). In addition, Vietnam's textile exports to other markets also increased significantly, such as Nigeria (1200%), Norway (134.6%), New Zealand (120%) and Australia (37%).

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Vietnam has maintained a favorable balance of Global trade relations for more than a year, but it has deficits in trade relations with China. P

In 2011, Vietnam's trade deficit with China was only 210 million US dollars, and grew to 16 billion 300 million US dollars in 2012. The amount of imports from China accounted for 25% of Vietnam's total imports in the first quarter of 2013.

The deficit products imported from Vietnam are mainly raw materials and spare parts for processing export products.

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