During the first quarter of 2025, Vietnam’s yarn exports dropped by 2.0 per cent year-on-year to $1,033.260 million. In volume terms, yarn exports increased by 4.4 per cent, with the country exporting 458,608 tonnes of yarn in the first three months of 2025.
On a month-on-month basis, textile and garment exports increased 25.4 per cent to $3.060 billion in March 2025 over the previous month. Yarn exports gained by 11.0 per cent in value and 13.8 per cent in volume in March 2025. The country exported 174,241-ton yarn, valued at $385.149 million during the month.
The United States remained the largest market for Vietnam’s textile and garment exports, accounting for 43.58 per cent of the total, equivalent to $3.789 billion in the first three months of 2025. Japan and South Korea were also key markets, with exports amounting to $1,071.776 million and $827.557 billion, respectively.
For Vietnam’s yarn exports, China was the largest buyer, accounting for 44.62 per cent of the country’s total yarn shipments, valued at $461.859 million. Yarn exports to India were valued at $21.440 million during January- March 2025.
On the import side, Vietnam’s cotton imports rose 8.0 per cent year-on-year to $787.575 million in January- March 2025. The volume of imported cotton increased 22.5 per cent year-on-year to 454,891 tonnes. The country also imported 299,071 tonnes of yarn, valued at $650.882 million, reflecting a 13.4 per cent increase in value and 9.5 per cent in volume. Fabric imports totalled $3.453 billion, up 9.7 per cent year-on-year.
During 2024, Vietnam had exported textiles and garments 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.
The Vietnam Textile and Apparel Association (VITAS) has raised its export target for textiles, garments, and yarn to $47-48 billion for the current year 2025.
ALCHEMPro News Desk (KUL)
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