New Zealand's apparel imports from Vietnam grow to $17.8 mn in Q1 2023

02 Jul '23

2 min read

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Insights

In Q1 2023, New Zealand's imports of Vietnamese apparel amounted to $17.824 million, slightly higher than previous quarters.
Despite fluctuations in 2022, there was overall growth in imports compared to 2021.
In January-April 2023, Vietnam was New Zealand's 3rd largest apparel supplier, accounting for 5.43 per cent of the total $436.756 million in imports.

New Zealand's apparel imports from Vietnam remained positive in the first quarter of the current year. The country imported apparel worth $17.824 million from January to March 2023, which was slightly higher than the inbound shipment of $17.577 million from October to December 2022, and $16.731 million from January to March 2022. The imports witnessed growth in 2022 compared to the previous year.

New Zealand's imports increased to $19.433 million from April to June 2022 but dropped to $14.148 million from July to September 2022. However, they rose to $17.577 million from October to December 2022 and then to $17.824 million from January to March 2023, according to Fibre2Fashion’s market insight tool TexPro.

The imports also remained positive last year, growing to $67.891 million from $53.259 million in 2021. The inbound shipment was valued at $44.164 million in 2019 but dropped to $39.026 million in 2020. It then recovered to $53.259 million during 2021.

According to TexPro, Vietnam was the third-largest apparel supplier for New Zealand from January to April 2023. New Zealand's total apparel imports amounted to $436.756 million during this period. Out of these total imports, Vietnam's supply was valued at $23.733 million, which represented 5.43 per cent. China and Bangladesh were the first and second-largest suppliers, with shares of 62.12 per cent and 11.37 per cent, respectively.

Fibre2Fashion News Desk (KUL)

This according to Fibre2Fashion's Market Intelligence Tool - TexPro