Vietnam’s exports of tyre cord fabrics and other fabrics for technical uses decreased by 13.10 percent in December compared to November, reaching US$56.21 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s exports of tyre cord fabrics and other fabrics for technical uses total US$771.24 million for 2024.
The decline in exports was primarily driven by a significant reduction in shipments to the USA, which saw a 24.75 percent drop, amounting to US$10.79 million. Exports to South Korea, China, and Luxembourg also decreased by 23.45 percent, 29.36 percent, and 61.97 percent, respectively.
However, some markets showed growth. Exports to Japan, Thailand, and Hungary increased by 11.19 percent, 9.83 percent, and 17.53 percent, respectively.
See also: Manufacturing in Vietnam
Vietnam tyre cord fabrics and other fabrics for technical uses exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 56,210,015 | 64,681,945 | -13.10% | 771,244,048 |
Other | 22,722,078 | 23,477,909 | -3.22% | 261,065,964 |
USA | 10,791,708 | 14,341,096 | -24.75% | 195,111,651 |
South Korea | 6,866,242 | 8,969,237 | -23.45% | 83,466,231 |
Japan | 4,680,708 | 4,209,774 | 11.19% | 57,068,589 |
Thailand | 3,690,898 | 3,360,666 | 9.83% | 41,437,785 |
Indonesia | 1,747,801 | 1,841,349 | -5.08% | 25,534,197 |
Luxembourg | 1,320,601 | 3,472,574 | -61.97% | 30,356,240 |
China | 1,290,227 | 1,826,427 | -29.36% | 22,114,293 |
Canada | 1,200,501 | 1,253,735 | -4.25% | 20,753,979 |
Hungary | 734,488 | 624,934 | 17.53% | 21,538,119 |
Brazil | 633,913 | 788,067 | -19.56% | 9,219,925 |
Argentina | 530,850 | 516,177 | 2.84% | 3,577,075 |
See also: How to Start an Export Business in Vietnam.