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Vietnam narrows gap with China in US apparel market

08 Jul '24
2 min read
Vietnam narrows gap with China in US apparel market
Pic: Adobe Stock

Insights

  • Vietnam is increasingly challenging China's dominance in the US apparel market.
  • In Q1 2024, Vietnam secured an 18.22 per cent market share, closely trailing China's 19.95 per cent.
  • This shift is partly due to the trade war and the pandemic's impact on China.
  • Vietnam's market share has steadily risen since 2019, while China's share has consistently declined.
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