Vast potential to boost Czechia's apparel imports from Vietnam

Recently, officials from both countries have underlined the significance of expanded cooperation driven by the EU-Vietnam Free Trade Agreement (FTA). Vietnam has become the Czech Republic’s largest trade partner in ASEAN. The Czech Republic also stands out as a fast-growing and stable economy with a strong industrial base and is a key player among markets in Eastern Europe.

However, both nations have limited trade relations in terms of textile products. Like Vietnam, the Czech Republic is also a textile and apparel exporter in the global market. The latter nation also imports textiles and apparel as per its regular needs.

According to Fibre2Fashion's market insight tool TexPro, the Czech Republic’s apparel imports from Vietnam were noted at $27.979 million in 2023, when its total apparel imports amounted to $4.219 billion. Vietnam currently has a presence only in the Czech Republic’s apparel imports. The latter country is also a prominent apparel exporter, supplying garments mainly to European nations. Its apparel exports reached $3.064 billion in the first ten months of 2024, compared to shipments of $3.287 billion in 2023. However, its shipments to Vietnam were negligible.

Similarly, the Czech Republic imported fabric worth $375.645 million and exported fabric worth $405.147 million during January-October 2024. In 2023, its inbound and outbound shipments of fabric were recorded at $449.561 million and $555.406 million, respectively, as per TexPro.

The country’s imports of home textiles were valued at $556.855 million from January to October 2024 and $672.066 million in 2023. It also exported home textiles worth $642.532 million from January to October 2024 and $759.409 million in 2023. However, Vietnam does not have a prominent partnership in this textile trade.

ALCHEMPro News Desk (KUL)