Thailand's fabric imports from China rise over 50% in Jan-Sept 2023

According to Fibre2Fashion's market insight tool TexPro, China’s share in Thailand’s fabric imports increased to 51.93 per cent in January-September 2023. Thailand’s fabric imports totalled $901.605 million in the said period. The inbound shipment from China was valued at $468.218 million. However, the imports from China decreased by 14.83 per cent from $549.742 million in January-September 2022.

During the year 2022, Thailand’s total fabric imports were $1,390.448 million. Out of which, the imports from China were $711.772 million, which was 51.19 per cent of the total imports. Earlier, China’s share in Thailand’s fabric imports was 48.40 per cent of total imports of $1,226.263 million in 2021. The inbound shipment from China was $593.552 million in the same period. In 2020, the import from China was $528.151 million (48.93 per cent) out of total import of $1,079.405 million. The import from China was $608.131 million (45.78 per cent) out of total import of $1,328.377 million in 2019, as per TexPro.

Thailand’s yarn import was $1,071.121 million in January-September 2023. Out of which, the import from China was $205.651 million, accounting for 37.98 per cent of the total. The inbound shipment from China declined by 22.07 per cent from $263.888 million in January-September 2022.

ALCHEMPro News Desk (KUL)