Vietnam's fabric imports at $4.8 bn in Jan-May '23, China top supplier

05 Jul '23

2 min read

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Insights

In January-May 2023, Vietnam imported fabric worth $4.851 billion, with China providing nearly 73 per cent of this.
However, this marked a 28.14 per cent decrease from 2022's same period.
Other main suppliers were South Korea, Taiwan, Japan and Thailand, contributing 15 per cent of the total imports.
Vietnam's fabric imports in 2022 were $16.014 billion.

Between January and May 2023, Vietnam imported fabric valued at $4.851 billion, with China being its largest supplier. Fabric imports from China during this period were worth $3.539 billion, constituting 72.95 per cent of Vietnam's total fabric imports.

The other four major suppliers, South Korea, Taiwan, Japan, and Thailand, contributed around 15 per cent to Vietnam's total fabric imports, according to the market insights tool, TexPro, from Fibre2Fashion.

However, Vietnam's fabric imports from China marked a decrease of 28.14 per cent compared to the same period in 2022, when the value stood at $4.943 billion. In comparison, Vietnam imported fabric worth $4.386 billion in January-May 2021, $2.834 billion in January-May 2020, and $3.563 billion in January-May 2019.

In 2022, the total value of fabric imports from China was $11.193 billion. This compared to $10.328 billion in 2021, $8.127 billion in 2020, and $8.817 billion in 2019. Given their geographic proximity, Vietnam relies heavily on China for raw materials. Despite this, the country's primary apparel market is the western world.

As per TexPro, Vietnam's total fabric imports in 2022 were valued at $16.014 billion. In the preceding years, the figures stood at $15.517 billion in 2021, $12.560 billion in 2020, and $14.235 billion in 2019.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro