Vietnam's apparel exports to Italy down in Q1, T-shirts dominate trade

The outbound shipments continued to follow a downward trend since Q3 of 2022, when the trade was valued at $121.992 million, as revealed by an analysis based on Fibre2Fashion’s market insight tool TexPro. This value slipped to $84.363 million in Q4 2022 and then to $74.591 million in Q1 2023. Prior to this, exports were recorded at $71.383 million in Q2 2022, $84.334 million in Q1 2022, and $60.474 million in Q4 2021. 

On an annual basis, Vietnamese apparel exports were recorded at $362.072 million in 2022, $285.610 million in 2021, $242.697 million in 2020, and $284.961 million in 2019. 

According to TexPro, T-shirts were the most dominant product among apparel exports to Italy, contributing 16.24 per cent of the total. Among the top 10 products, trousers and shorts contributed 15.99 per cent, shirts 13.86 per cent, innerwear 13.06 per cent, swimwear 11.64 per cent, jerseys 7.97 per cent, sportswear 6.03 per cent, dresses 3.61 per cent, accessories 3.16 per cent, and coats 1.01 per cent of the total. 

In the first quarter of this year, 38.45 per cent of the apparel that Vietnam exported was made from cotton fibre. Exports of garments made from man-made fibre constituted 34.91 per cent by value, and other types of fibre garments comprised 26.49 per cent. 

Fibre2Fashion News Desk (KUL)