Vietnam: Cotton and Products Update
Vietnam’s MY2016/2017 cotton imports reached 1.2 million tons (or 5.5 million bales), up 20 percent over MY2015/2016. Preliminary forecast on Vietnam’s cotton imports in MY2017/2018 is 1.38 million tons, up 15 percent over MY2016/2017. U.S. cotton continues to dominate the Vietnam market with accelerating market share, from 42 percent in MY2015/2016 to a record-breaking 53.5 percent in MY 2016/2017. U.S. cotton exports to Vietnam in MY2017/2018 are forecast to surge to 770,000 tons, up 20 percent over MY2016/2017.
