SUMMARY
 
In Q1-2024, the Textile, Garment & Footwear industry recorded many positive developments. Orders increased rapidly. Industry-wide exports reached USD15.26 billion, up 9.3% over the same period, and increased in most product groups. Industry-wide trade surplus reached USD9.24 billion.
 
Of which, FDI enterprises accounted for ~65% of the total export value of the entire industry in Q1. The bright spot is that domestic enterprises recovered more strongly (up 15.4% over the same period).
 
The recovery took place in all major export markets, especially industry-wide exports to the US and China increased most positively.
 
Outlook: The situation in Q2 is positive, because most businesses have orders until the end of Q2, even the end of Q3/or a few businesses have orders until the end of the year. However, product/ and processing prices are still at a low level.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. OVERVIEW
Production situation
Export value & Industry-wide trade balance
Structure of export product groups
The situation of export markets
Supply of imported raw materials

C. DETAILS OF EXPORTS OF EACH ITEM
Textile and Garment
Footwear
Yarn & Textile
Handbag, Wallet, Hat
 
D. IMPORT OF SOME TYPES OF RAW MATERIALS