Vietnam 2nd largest market for Brazil's cotton exports in Jan-Apr 2023

While Brazil does import apparel from Vietnam, its share in total imports remains negligible. 

However, the shipment volume was less than half compared to exports in January-April 2022, when Brazil exported cotton worth $268.486 million. The value of shipments was $252.048 million in January-April 2021, $176.878 million in January-April 2020, and $68.980 million in January-April 2019, according to Fibre2Fashion’s market insights tool TexPro. 

In previous years, exports were recorded at $546.795 million (269.463 million kg) in 2022, $570.426 million (339.613 million kg) in 2021, $518.792 million (339.240 million kg) in 2020, and $355.604 million (217.165 million kg) in 2019. 

As a major cotton producer, Brazil exports the natural fibre to its trading partners and imports apparel from countries like Vietnam. In the first four months of this year, Brazil imported apparel worth $34.592 million. The inbound shipments were valued at $83.021 million in 2022, $58.886 million in 2021, $57.614 million in 2020, and $77.875 million in 2019. 

Vietnam, however, represents only a small fraction of Brazil’s total apparel imports. Brazil imported apparel worth $788.547 million in the first four months of this year, with imports from Vietnam comprising just 4.39 per cent of the total. Vietnam was the third largest market for Brazilian imports. Brazil is heavily reliant on China for its apparel imports, which account for a whopping 57.81 per cent of the total, as per TexPro. 

ALCHEMPro News Desk (KUL)