A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

🇻🇳 Garment exports drop in September after four months of increases

Vietnam Plus is reporting that garment and textiles exports increased in August for the fourth month in a row, with US$3.4 billion exported, up 5.5% month on month. Customs data from September, however, reveals that this upward run was short-lived with textile and garment exports reaching just US$2.57 billion in September, down 25.5 percent on August. This brings the total textile and garment exports for the year to US$25.1 billion a 13.6 percent drop year-on-year.

Top 10 export markets for Vietnam textiles and garments, September 2023

September (US$) Year to day (US$)
USA 1,014,571,306 11,008,870,254
Japan 360,588,123 2,938,721,423
South Korea 351,286,606 2,430,439,836
Canada 81,901,069 848,643,870
China 79,692,963 827,491,050
Netherlands 63,605,704 705,433,643
Germany 45,672,727 631,791,523
Cambodia 76,453,836 612,430,467
United Kingdom 43,833,716 503,499,960
Spain 43,712,461 415,090,755

Source: General Department of Customs