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Steep decline in Vietnam's garment exports amid global market shifts

10 Jan '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Vietnam's garment exports to North America, its largest market, fell by **.**% in January-October 2023 compared to the same period in 2022.
  • Asia-Pacific was the second-largest market, though exports there also declined slightly.
  • In contrast, exports to smaller markets like the Middle East and Central & South America experienced an increase.

*.*pt"> Vietnam’s garment exports to its largest market North America experienced a significant decline of **.** per cent to reach $**.*** billion during January-October **** from $**.*** billion of January-October ****. Meanwhile, Vietnam&#**;s total garment exports have seen a fall of **.** per cent to $**.*** billion in the first ten months of ****, down from $**.*** billion during January-October ****

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