An analysis of Singapore's imports from Vietnam shows a decrease of 5.77 per cent from the same period in 2022, when imports totalled $54.610 million. Trade was at $48.749 million in January-April 2021, $47.670 million in January-April 2020, and $43.821 million in January-April 2019, according to Fibre2Fashion's market analysis tool TexPro.
In 2022, Singapore's total apparel imports were valued at $2.328 billion, with Vietnam's share at $196.371 million, or 8.43 per cent of the total. This represented a significant jump of 29.51 per cent from $151.620 million in 2021. However, trade decreased by 12.27 per cent to $138.346 million in 2020, down from $157.690 million in 2019. Nevertheless, trade rebounded and grew 9.6 per cent to $151.620 million in 2021, as per TexPro.
ALCHEMPro News Desk (KUL)
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