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
November | October | MoM | YTD | |
Total | 1,289,475,499 | 1,316,387,571 | -2.0 | 13,572,827,239 |
Other | 29,673,702 | 32,399,341 | -8.41% | 251,171,709 |
China | 866,083,880 | 885,709,172 | -2.22% | 9,095,003,043 |
South Korea | 138,082,529 | 120,476,336 | 14.61% | 1,373,401,543 |
Taiwan | 117,380,205 | 124,140,020 | -5.45% | 1,380,925,467 |
Japan | 56,705,598 | 65,292,720 | -13.15% | 604,507,399 |
Thailand | 23,143,874 | 23,118,787 | 0.11% | 247,316,923 |
Italy | 15,025,741 | 12,229,308 | 22.87% | 130,994,513 |
Indonesia | 8,718,178 | 8,317,211 | 4.82% | 90,973,268 |
Malaysia | 8,629,165 | 15,612,455 | -44.73% | 109,819,658 |
Pakistan | 5,786,411 | 5,440,763 | 6.35% | 50,724,876 |
USA | 5,219,040 | 4,701,158 | 11.02% | 42,094,947 |
India | 4,738,139 | 5,513,782 | -14.07% | 60,137,207 |
Turkey | 4,056,531 | 4,314,984 | -5.99% | 33,584,621 |
HongKong | 1,485,371 | 2,684,992 | -44.68% | 24,774,275 |
Germany | 1,399,474 | 1,823,817 | -23.27% | 25,021,905 |
France | 1,052,083 | 1,735,980 | -39.40% | 9,775,051 |
Switzerland | 819,850 | 447,655 | 83.14% | 4,899,022 |
Belgium | 549,213 | 778,211 | -29.43% | 9,478,881 |
UK | 496,655 | 447,377 | 11.01% | 7,320,220 |
Cambodia | 292,610 | 919,726 | -68.19% | 17,836,815 |
Bangladesh | 112,599 | 236,217 | -52.33% | 2,371,409 |
Philippines | 24,651 | 47,559 | -48.17% | 303,316 |
Singapore | 0 | 0 | 0.00% | 391,171 |