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

Vietnam’s fabric imports dip slightly in November

Vietnam imported fabrics worth US$1.29 billion in November, a decline of 2.0 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date fabric imports reached US$13.57 billion.

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.

Imports from Japan fell by 13.15 percent to US$56.71 million, while Malaysia experienced the largest drop at 44.73 percent, with imports falling to US$8.63 million. In contrast, Italy recorded significant growth, rising by 22.87 percent to US$15.03 million. The USA also saw a healthy increase of 11.02 percent, reaching US$5.22 million.

Despite the overall decline, Vietnam’s demand for fabrics remained steady, with notable growth from markets like South Korea, Italy, and the USA balancing the decreases from China and Taiwan.

See also: Fabric Manufacturing in Vietnam

Vietnam fabric imports, November 2024

NovemberOctoberMoMYTD
Total1,289,475,4991,316,387,571-2.013,572,827,239
Other29,673,70232,399,341-8.41%251,171,709
China866,083,880885,709,172-2.22%9,095,003,043
South Korea138,082,529120,476,33614.61%1,373,401,543
Taiwan117,380,205124,140,020-5.45%1,380,925,467
Japan56,705,59865,292,720-13.15%604,507,399
Thailand23,143,87423,118,7870.11%247,316,923
Italy15,025,74112,229,30822.87%130,994,513
Indonesia8,718,1788,317,2114.82%90,973,268
Malaysia8,629,16515,612,455-44.73%109,819,658
Pakistan5,786,4115,440,7636.35%50,724,876
USA5,219,0404,701,15811.02%42,094,947
India4,738,1395,513,782-14.07%60,137,207
Turkey4,056,5314,314,984-5.99%33,584,621
HongKong1,485,3712,684,992-44.68%24,774,275
Germany1,399,4741,823,817-23.27%25,021,905
France1,052,0831,735,980-39.40%9,775,051
Switzerland819,850447,65583.14%4,899,022
Belgium549,213778,211-29.43%9,478,881
UK496,655447,37711.01%7,320,220
Cambodia292,610919,726-68.19%17,836,815
Bangladesh112,599236,217-52.33%2,371,409
Philippines24,65147,559-48.17%303,316
Singapore000.00%391,171
Get Vietnam garment manufacturing news sent straight to your inbox

Latest garment manufacturing news...