Home breadcru News breadcru Trade breadcru  | Fabric trade between Vietnam & Thailand drops in Jan-Sept

Prime Content | 
Fabric trade between Vietnam & Thailand drops in Jan-Sept

22 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In 2023, Vietnam and Thailand, major players in the apparel export industry, experienced shifts in their fabric trade.
  • Despite a mutual dependency for fabric supplies, Vietnam's imports from Thailand dropped by **.**% and Thailand's imports from Vietnam decreased by **.*% in January to September.
  • Thailand's apparel imports from Vietnam grew.

*.*pt"> Major apparel exporters—Vietnam and Thailand—are seeking to expand their bilateral trade ties. Both nations depend on each other for fabric supplies, crucial for their garment industries. Between January and September ****, Vietnam&#**;s fabric imports from Thailand decreased by **.** per cent, while Thailand&#**;s fabric imports from Vietnam dropped by *.* per cent in the same period. However, Thailand&#**;s apparel imports from Vietnam have shown significant growth. 

*.*pt"> Recently, Vietnamese Prime Minister Pham Minh Chinh and his Thai counterpart, Srettha Thavisin, agreed to intensify efforts to achieve a bilateral trade target of $** billion by facilitating the flow of goods. The leaders met and discussed these matters in Tokyo on Sunday. 

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!