According to preliminary statistics from the General Department of Customs , Vietnam's cotton imports of all kinds in August 2023 reached 121,869 tons with a turnover of more than 245.15 million USD, down 6% in volume and down 8% in value. Price compared to July 2023.

Overall, in the first 8 months of the year, Vietnam imported 880,664 tons of cotton of all kinds with a turnover of more than 1.91 billion USD, down 4.3% in volume but sharply down 24.8% in value over the same period last year. 2022.

The average import price in the first 8 months of the year reached 2,178 USD/ton, down 27.3% over the same period in 2022.

In the first 8 months of the year, Vietnam imported 880,664 tons of cotton of all kinds. Internet photo

In the first 8 months of the year, Australia is the third largest supplier of cotton of all kinds to Vietnam and is witnessing growth in both volume and turnover. Specifically, imported cotton of all kinds from Australia into our country in August reached 62,190 tons with a turnover of more than 132.64 million USD, an increase of 10% in volume but a decrease of 27% in value compared to August 2022.

Overall, in the first 8 months of the year, Australia exported 234,555 tons of cotton of all kinds to Vietnam and earned more than 528.5 million USD, up 68% in volume and 28% in value compared to the same period in 2022 and accounting for proportion of 27% in both volume and turnover of our country's cotton imports.

In 2022, Vietnam spent more than 1.2 billion USD to import this product from Australia, accounting for 31% of Vietnam's cotton import structure of all kinds in 2022.

Vietnam is the world's third largest cotton importer with consumption of 1.5 million tons/year, the world's 6th largest fiber exporter and the world's 3rd largest exporter of textiles and garments. world – just behind China and Bangladesh.

In 2022, Vietnam's textile and garment exports will reach 44.5 billion USD, an increase of 11% compared to 2021, and exports of textile fibers of all kinds will reach 2.54 billion USD, a slight decrease of 4.3% in volume and a decrease of 0.2% . % in value compared to 2021.