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Vietnam’s tyre cord fabrics and other technical use fabrics exports decline by 13.10 percent in December

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$

DecemberNovemberMoM2024
Total56,210,01564,681,945-13.10%771,244,048
Other22,722,07823,477,909-3.22%261,065,964
USA10,791,70814,341,096-24.75%195,111,651
South Korea6,866,2428,969,237-23.45%83,466,231
Japan4,680,7084,209,77411.19%57,068,589
Thailand3,690,8983,360,6669.83%41,437,785
Indonesia1,747,8011,841,349-5.08%25,534,197
Luxembourg1,320,6013,472,574-61.97%30,356,240
China1,290,2271,826,427-29.36%22,114,293
Canada1,200,5011,253,735-4.25%20,753,979
Hungary734,488624,93417.53%21,538,119
Brazil633,913788,067-19.56%9,219,925
Argentina530,850516,1772.84%3,577,075

See also: How to Start an Export Business in Vietnam.

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