tailieunhanh - Vietnam’s textile & clothing exports to the U.S. under OTEXA monitoring

This paper analyzes Vietnam’s monthly exports to the United States from January 2000 to May, 2007 using monthly trade statistics available from the . Census. The analysis focuses on Vietnam’s performance in terms of both . market share and price, and the sample period includes Vietnam’s accession to the WTO (in 2001) as well as the onset of monitoring of a subset of Vietnam’s textile and clothing (T&C) exports to the United States by the . Office of Textiles and Apparel (Otexa) in 2007. | Vietnam s Textile Clothing Exports to the . Under OTEXA Monitoring1 Peter K. Schott Yale School of Management NBER September 2007 This paper analyzes Vietnam s monthly exports to the United States from January 2000 to May 2007 using monthly trade statistics available from the . Census. The analysis focuses on Vietnam s performance in terms of both . market share and price and the sample period includes Vietnam s accession to the WTO in 2001 as well as the onset of monitoring of a subset of Vietnam s textile and clothing T C exports to the United States by the . Office of Textiles and Apparel Otexa in 2007. I find that Vietnam s share of the . T C import market grew substantially after its admission to the WTO in 2001 that that despite this growth it remains a relatively small player compared to other . trading partners particularly China. Vietnam s growth in market share is substantially larger in products that subsequently became the focus of monitoring by Otexa. I also find that Vietnam s T C import unit values rise over time. By 2002 these unit values are approximately equal to the average of all . trading partners once one controls for countries level of development and distance from the United States. Comparison of Vietnam s exports with China reveals that Vietnam s textile and clothing prices are substantially more expensive than exports from China starting in 2005 despite Vietnam s lower wages. Similar trends are observed for both monitored and unmonitored products. 1 I thank Amit Khandelwal for research assistance and both Wilbur Ross and the NSF SES SES-0550190 and SES-0241474 for research support. Any opinions findings and conclusions or recommendations expressed in this material are those of the author and do not necessarily reflect the views of the National Science Foundation. 1 Introduction This paper examines the market share and relative price of Vietnam s textile and clothing exports to the United States. In line with standard .