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Vietnam to increase its share in New Zealand's apparel imports

07 Jun '24
2 min read
Vietnam to increase its share in New Zealand's apparel imports
Vietnam to increase its share in New Zealand's apparel imports

Insights

  • Vietnam, currently the third-largest supplier of apparel to New Zealand, saw a *.*% share of New Zealand's total apparel imports in the first quarter.
  • In 2023, Vietnam supplied $***** million of apparel to New Zealand.
  • Apparel imports from Vietnam have grown consistently since 2021.
  • Vietnam holds a low share in New Zealand's home textiles imports.

Textiles and apparel is among the important sectors in their bilateral trade. Although its share is very low, Vietnam is the third largest supplier for New Zealand’s apparel imports. With both countries now looking to increase their bilateral trade, Vietnam can raise its share in apparel imports by New Zealand.

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, New Zealand imported apparel worth $**.*** million from Vietnam during the first quarter of current year. It was *.** per cent of New Zealand’s total apparel imports of $***.*** million in the same period. Vietnam was the third largest supplier after China and Bangladesh. 

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