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NZ's apparel imports from Vietnam defies global trend, rises to $70 mn

23 Mar '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • New Zealand's apparel imports from Vietnam rose to $***** million in 2023, marking a *** per cent increase and defying the global downward trend.
  • Vietnam became the third-largest apparel supplier to New Zealand, contributing *** per cent to the total imports of $************* million.
  • Over six years, imports from Vietnam surged by over ** per cent.

New Zealand&#**;s apparel imports from Vietnam have seen an increase of more than ** per cent over the last six years. The trade rose from $**.*** million in **** to $**.*** million in ****. The inbound shipments increased to $**.*** million in **** but then fell to $**.*** million in ****. Subsequently, the imports surged to $**.*** million in **** and $**.*** million in ****, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.

China and Bangladesh were ahead of Vietnam in terms of being the largest apparel suppliers to New Zealand. While apparel imports from Bangladesh remained positive, those from China, the largest supplier, experienced a downward trend.

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