Vietnam exported textiles to over 100+ countries

 

Vietnam is one of the biggest exporters of textiles across the global market. During the last fiscal year, Vietnam has exported textiles to over 100+ countries. Vietnam import export data suggests that there was a 9% decline in the textiles exports of Vietnam in 2023. Vietnam’s textiles exports were $44 billion in 2022 while it came down to $40 billion in 2023. 

Vietnam’s highest textiles exports were recorded during September 2023. It was estimated to be over $11 billion in September. There were approximately 36 different types of textiles exported. These include shirts, jackets, trousers, bags, hats, etc. Vietnam export data reflects that jackets were the most demanded textile item from Vietnam with export earnings over $4.4 billion in 2023.

Trousers were the second most exported textile item by Vietnam with exports over $3.8 billion last year. Whereas, shirt exports reached $1.8 billion in 2023. The United States was the biggest textile importer from Vietnam. In 2023, Vietnam imported nearly $11 billion worth of textiles from Vietnam. 

Hyosung Vietnam was the leading textile export company from Vietnam with the maximum number of shipments to the USA. Whereas, Kolon Industries, and Decorative Plastic were the textiles import companies from the United States. Japan was the second leading market for Vietnamese textiles exports. 

Last year, Japan imported nearly $3 billion worth of textiles from Vietnam. Kolon Industries and JNC filter were the top textile import companies from Japan responsible for the maximum number of shipments in the last fiscal year. 

Europe was the third most favoured destination for Vietnam's textiles exports. As per Vietnam customs data, nearly $2.8 billion worth of textiles were exported to European Union countries. NBS Distribution & Osprey Europe were among some notable textiles importers from Vietnam. The United States, China and South Korea were the fastest growing markets for Vietnam’s textiles.

On the other hand, Vietnam's imports were estimated to be $25 billion during last year. Vietnam import data suggests that China was the biggest textile supplier to Vietnam with exports over $15 billion. Along with China, South Korea, Taiwan, and Japan were the top textiles exporting countries to Vietnam with maximum number of shipments during last year. Among the top emerging markets were Australia and Taiwan.

Although the global textiles market was hit by the recession, Vietnam’s textile industry still revived to a significant level. Through the assistance offered by the global import export data provider, Vietnamese textiles suppliers can analyze the global textile market. It will help companies to get insights over top trending textile goods, importing/exporting markets, leading import export companies, pricing, ports volume and competitor details.

Global trade database will help companies get genuine clients from the international market. This assists in reaching out to the potential customers from 200+ countries. By investing in the trade data, companies can get leads from their specific countries. It will help you make better decisions on pricing, procurement, sourcing and improvising product quality. It is the most advanced approach to model your textile business as per the international market.