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China's fabric exports experienced a significant surge in the first quarter of 2024, with a total value of $15.482 billion, a 2% increase from the same period last year. Vietnam emerged as the top market for Chinese fabric exports, with a substantial share of the total exports.
This growth in fabric exports is attributed to the recovery of the global textile industry and the increasing demand for Chinese fabrics in various markets. The textile and garment sector in Vietnam, in particular, has seen a notable uptick in business activity, with leading companies like Thanh Cong Textile Garment Investment Trading JSC, Vietnam National Textile and Garment Group, and Garment 10 Corporation reporting impressive revenue gains in Q1 2024[2][3].
Citations:
[1] https://thefederal.com/category/business/spice-wars-indias-food-regulator-must-step-up-to-beat-export-bans-123996
[2] https://www.fibre2fashion.com/news/textile-news/china-s-fabric-exports-rise-in-q1-2024-vietnam-leads-as-top-market-295555-newsdetails.htm?type=p
[3] https://www.vietnam-briefing.com/news/vietnam-business-activity-uptick-q1-2024-investor-prospects.html/
[4] https://vietnamnet.vn/en/vietnam-business-news-april-9-2024-2268494.html
[5] https://www.vietnam-briefing.com/news/vietnam-exports-to-the-us-in-q1-2024-reach-us25-77-billion.html/
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