Vietnam’s garment and textile exports fell by 26.5 percent in September over August from US$4.1 billion to US$2.98 billion. Vietnam’s garment and textile exports for the year now stand at US$27.3 billion which represents an increase of 8.9 percent over the same period last year.

Key takeaways:

The United States of America remains Vietnam’s largest export destination, with US$1.22 billion in September, but this is a sharp drop of 34.09 percent from August’s US$1.85 billion. Year-to-date exports to the US are valued at over US$12 billion.
Exports to Japan also decreased significantly, falling by 16.41 percent from US$453 million in August to US$379 million in September. Year-to-date exports stand at US$3.13 billion.
South Korea saw a similar downward trend, with exports dropping 21.80 percent, from US$421.9 million in August to US$329.9 million in September. The year-to-date total is US$2.38 billion.
China experienced a steep decline of 29.72 percent in September compared to August, with exports falling from US$160.2 million to US$112.6 million.
Canada’s exports also dropped by 14.47 percent, while exports to the Netherlands and Cambodia showed reductions of 23.65 percent and 21.19 percent, respectively.

Vietnam’s garment and textile exports by country, value, September 2024

Destination	September	August	Change	YTD
United States of America	1,219,799,244	1,850,792,558	-34.09%	12,007,211,504
Japan	378,687,576	453,026,541	-16.41%	3,126,902,437
South Korea	329,943,698	421,900,566	-21.80%	2,384,396,689
China	112,595,238	160,202,605	-29.72%	978,170,617
Canada	96,841,239	113,231,338	-14.47%	897,990,886
Netherlands	83,622,325	109,521,610	-23.65%	880,109,386
Cambodia	74,739,556	94,829,323	-21.19%	665,415,256
Russia	70,977,013	86,501,525	-17.95%	616,353,254
Germany	52,670,739	70,125,852	-24.89%	562,478,137
United Kingdom	52,514,842	76,736,675	-31.56%	560,704,343
Spain	66,705,929	76,030,695	-12.26%	454,923,444
Australia	46,192,218	58,407,395	-20.91%	417,935,892
France	45,686,142	51,738,411	-11.70%	354,986,311
Indonesia	40,362,271	48,984,393	-17.60%	332,746,921
Belgium	25,246,605	37,631,657	-32.91%	320,322,705
Italy	24,286,119	26,679,091	-8.97%	251,148,335
Thailand	20,233,195	26,822,490	-24.57%	212,386,281
Taiwan	23,523,680	30,703,214	-23.38%	194,652,011
Hong Kong	24,538,106	19,517,673	25.72%	188,806,293
Mexico	15,070,269	24,024,017	-37.27%	158,144,163
Other	174,271,106	217,286,808	-19.80%	1,778,861,072
Total	2,978,507,110	4,054,694,437	-26.54%	27,344,645,937

Source: Vietnam Exports Tracker

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