The ASEAN member countries include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, and Timor-Leste (East Timor).
Vietnam had exported apparel worth $202.595 million during October–December 2024. Therefore, shipments in the latest quarter declined by 15.84 per cent on a quarter-on-quarter basis, according to Fibre2Fashion's market insight tool, TexPro.
Despite this recent dip, Vietnam’s exports to the bloc had seen impressive growth in the previous years. Outbound trade stood at $370.799 million in 2020 and more than doubled to reach $762.480 million in 2024.
Trade data from TexPro revealed that exports were severely affected in 2020 due to COVID-related disruptions but rebounded to $408.522 million in 2021. Shipments then surged by 56 per cent to $640.675 million in 2022, followed by $657.203 million in 2023 and $762.480 million in 2024.
Vietnam also exported fabric worth $157.486 million in the first quarter of 2025, up 17.16 per cent from $134.188 million in the same quarter of the previous year. However, it was slightly lower than the $158.002 million exported in Q4 2024.
On an annual basis, the country exported fabric worth $606.089 million in 2024, a 12.43 per cent increase from $539.497 million in 2023. Earlier figures show fabric exports of $587.282 million in 2022, $572.244 million in 2021, $569.386 million in 2020, and $392.716 million in 2019.
ALCHEMPro News Desk (KUL)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
