Trade data shows that there has been volatility in the trade between France and Vietnam in previous years. French imports from Vietnam increased by 18.81 per cent to $656.480 million in 2018 compared to $552.545 million in 2017, but growth slowed to just 2.11 per cent in 2019, reaching $670.353 million. In 2020, amid the COVID-19 pandemic, French imports inched up by 1.76 per cent to $682.168 million, according to Fibre2Fashion's market insight tool TexPro.
French imports of apparel from Vietnam decreased by 12.54 per cent to $596.644 million in 2021 but increased significantly by 32.99 per cent to $793.468 million in 2022.
Although Vietnam is a major global supplier of garment exports, its contribution of only 2.89 per cent to France's total apparel imports suggests limited penetration in the Western market.
Tunisia, Turkiye, Netherlands, Belgium, Germany, Spain, Bangladesh, Italy, and China were all larger apparel suppliers to France than Vietnam, according to TexPro.
Fibre2Fashion News Desk (KUL)