SUMMARY
 
Accumulated in 8M/2023, the industry's export value reached $43 billion, down 15.8% over the same period. In particular, exports of FDI enterprises decreased by 16.2%, and DDI enterprises decreased by 14.4% over the same period. The trade surplus in the Textile, Garment and Footwear industry reached $27.3 billion (down 14% compared to last year).
 
Although there are still many difficulties, the production and export situation is gradually recovering, the decline is narrowing month by month. In particular, the export value of the entire industry in the last 2 months reached its highest level since August 2022. The support for exports in July and August mainly came from the markets of China, South Korea, and ASEAN, which all increased significantly.
 
According to representatives of many businesses in the industry, orders have returned relatively well. According to actual data recorded by the customs authority, businesses began to increase the import of raw materials (fabric, cotton, raw materials...) again, partly showing that the output situation has improved.
 
However, according to VITAS's assessment, difficulties will continue to last at least until the end of 2023 because demand from key export markets is still low, aggregate demand may only increase by natural annual increases following year-end festivals.
 
TABLE OF CONTENTS 
 
A. GENERAL PERCEPTION
 
B. OVERVIEW
Production & consumption situation
Trade balance of the entire Textile and garment & Footwear industry
Structure of export markets by item
Structure of import markets by item
Cotton import situation
Fabric import situation
Import situation of Raw Materials 
 
C. DETAILS OF EXPORTS OF EACH ITEM
Textile and Garment
Footwear
Yarn & Textile
Handbag, Wallet, Hat