Textile and footwear enterprises are speeding up the import of raw materials to serve export orders.

Speed ​​up import of raw materials for export orders

According to data recently released by the General Department of Customs, in the first 10 months, imports of raw materials for the textile, garment and footwear industries reached 22.82 billion USD, a sharp increase of 44.2% (equivalent to an increase of 6.99 billion USD) compared to the same period last year. In October alone, the country spent 2.42 billion USD importing raw materials for the textile, garment and footwear industries, an increase of 3.2% compared to September.

Statistics also show that in the past 10 months, the items with the largest export turnover were fabrics of all kinds, reaching 12.27 billion USD, up 14.7%; textile and footwear materials and accessories reaching 5.88 billion USD, up 19.3%; cotton of all kinds reaching 2.42 billion USD, up 2.7%; textile fibers of all kinds reaching 2.24 billion USD, up 24.4%.

Notably, the group of raw materials and accessories for the textile, garment and footwear industries imported into Vietnam in the past 10 months mainly originated from China, accounting for 51%, with 12.83 billion USD, an increase of 22.9% (equivalent to an increase of 2.39 billion USD) compared to the same period last year.

According to statistics from the General Department of Customs, textile and footwear exports in the past 10 months have grown remarkably. Of which, textile and garment exports reached 30.57 billion USD, up 10.5% (equivalent to an increase of 2.9 billion USD) over the same period last year. As for footwear, the export turnover in the 10 months reached 18.57 billion USD, up 12.9% (equivalent to an increase of 2.12 billion USD) over the same period last year.

Speaking to VTV Times reporter, Mr. Truong Van Cam – Vice President and General Secretary of Vietnam Textile and Apparel Association (Vitas) said that the export of textiles, garments and footwear products of our country is recovering better and better and will continue to be positive in the last 2 months of the year, especially in key markets such as the United States, Japan, Korea, China… This is followed by a sharp increase in the demand for imported raw materials. “Currently, many garment enterprises have production orders until the end of the first – second quarter of 2025, so enterprises will continue to increase the import of “inputs” in the coming time,” Mr. Cam emphasized.