The United States remained the largest market for Vietnam’s textile and garment exports, accounting for 43.86 per cent of the total, equivalent to $1.399 billion in the first month of 2025. Japan and South Korea were also key markets, with exports amounting to $378.631 million and $297.860 billion, respectively.
During January 2025, Vietnam’s yarn exports dropped by 19.5 per cent year-on-year to $301.313 million. In volume terms, yarn exports decreased by 16.7 per cent, with the country exporting 131,358 tonnes of yarn in the first month of 2025. On a month-on-month basis, yarn exports eased by 21.8 per cent in value and 23.5 per cent in volume in January 2025.
For Vietnam’s yarn exports, China was the largest buyer, accounting for 38.87 per cent of the country’s total yarn shipments, valued at $117.790 million. Yarn exports to India were valued at $6.463 million during January 2025.
On the import side, Vietnam’s cotton imports fell 22.0 per cent year-on-year to $225.833 million in January 2025. The volume of imported cotton eased 11.7 per cent to 129,187 tonnes year-on-year. The country also imported 92,643 tonnes of yarn, valued at $193.458 million, reflecting a 12.9 per cent decrease in value and volume. Fabric imports totalled $1.080 billion, down 7.9 per cent year-on-year.
During 2024, Vietnam had exported textile and garment worth $37.036 billion, 11.2 per cent up from the shipment of the previous year 2023. It had also exported 1.873-million-ton yarn valued at $4.407 billion in the last year. Yarn exports gained 1.2 per cent in value and 5.0 per cent in volume. The country also imported 1.503-million-ton cotton, valued at $2.884 million. The value and volume grew 1.8 per cent and 12.3 per cent year-on-year respectively. It also imported 1.243 million tonnes of yarn, valued at $2.713 billion, reflecting a 23.8 per cent increase in value and 18.1 per cent rise in volume. Fabric imports reached $14.905 billion, up 14.5 per cent year-on-year.
Vietnam could not meet out a target of $36.23 billion exports of textile and garment in 2023. In 2022, the sector’s exports grew by 14.7 per cent to $37.5 billion, still falling short of the $43 billion target. After encouraging shipment, the Vietnam Textile and Apparel Association (VITAS) has increased its export target for textiles, garments, and yarn to $47-48 billion for 2025. The country posted higher exports of these products at $41.443 billion in 2024, which was lower than the target of $44 billion.
ALCHEMPro News Desk (KUL)
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