garments and textiles

Vietnam’s exports of textile, leather, and footwear materials and auxiliaries total US$2.23 billion for 2024, reflecting steady growth in the sector.

Year-to-date imports totalled US$14.91 billion. China continued to dominate as the top supplier with US$884.41 million in imports, growing by 2.12 percent. South Korea followed with US$143.75 million, a 4.11 percent monthly rise, while Japan saw a significant 11.52 percent increase to reach US$63.24 million. Meanwhile, Malaysia recorded the highest monthly growth of 55.16 percent, contributing US$13.39 million.

Year-on-year, December 2024 prices for garments, hats, and shoes increased by 1.16 percent compared to December 2023. For the entire year, the CPI for this category rose by 1.40 percent compared to 2023.

The United States led the imports, purchasing US$168.35 million, an 11.85 percent increase from October. Japan followed with US$36.09 million, up 16.05 percent.

Year-on-year, the sewing clothes sector recorded an impressive growth of 18.07 percent in November 2024 compared to the same period in 2023.

Year-to-date exports amounted to US$4.02 billion. China remained the top importer with US$1.95 billion, despite an 8.59 percent drop from the previous month.

Year-on-year, garment manufacturing recorded a remarkable 18.07 percent growth in November 2024 compared to the same month in 2023. Over the first 11 months of 2024, the IPI for this sector grew by 10.83 percent compared to the same period last year, solidifying its position as a vital driver of Vietnam’s industrial growth.

Indonesia was the largest market, importing US$31.86 million of these materials, representing a modest decrease of 2.79 percent

Year-on-year, the sector saw a rise of 9.39 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for this category recorded a cumulative increase of 5.15 percent compared to the same period last year, demonstrating consistent expansion.

Year-on-year, woven fabric production experienced substantial growth of 17.03 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector recorded an 11.95 percent increase compared to the same period last year, underscoring its key role in Vietnam’s industrial performance.

Year-on-year, fiber production saw significant growth of 10.03 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for the sector expanded by 12.68 percent compared to the same period last year, underlining its robust performance as one of Vietnam’s industrial strengths.

The USA remained the largest market, with exports rising slightly by 1.68 percent to US$1.31 billion. Exports to Japan dropped by 7.94 percent to US$387.94 million, while South Korea saw a significant decline of 46.65 percent, totalling US$186.35 million.

China remained Vietnam’s largest supplier, contributing US$866.08 million, though this reflected a slight month-on-month decrease of 2.22 percent. South Korea followed with strong growth, increasing by 14.61 percent to US$138.08 million. Taiwan saw a decline of 5.45 percent, with imports totalling US$117.38 million.

Year-to-date performance shows more modest growth. From January to October, Vietnam exported 1.54 million tonnes of yarn, valued at US$3.65 billion. This marks a 4 percent increase in volume and a marginal 0.3 percent rise in value compared to the same period in 2023.

Garments, hats, and shoes form an essential part of household expenditure in Vietnam, driven by domestic demand and seasonal shopping patterns. The sector is also a significant contributor to the economy, supported by the country’s strong textile and footwear production capabilities.

Year-to-date figures also indicate robust performance. From January to October, exports in this category totalled US$30.57 billion, a 10.5 percent increase compared to the same period in 2023.

Vietnam imported fabric worth US$1.32 billion in October, reflecting a 4.96 percent increase compared to September. Year-to-date imports reached US$12.27 billion, according to Vietnam’s General Department of Customs.

In September, sales in the garment category reached VND 20,686 billion, equivalent to US$0.81 billion. This figure edged up in October to VND 20,787 billion, or US$0.82 billion, reflecting a month-on-month increase of 0.49 percent.