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India dominates Vietnam's fibre exports with 32% share in Jan-May 2023

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, India has imported fibre from Vietnam worth $**.*** million during the first five months of ****, which was *.** per cent of total imports of $***.*** million. Vietnam was the eighth largest source for importing fibres. India imports polyester fibre in significant quantity, while India was the largest market for Vietnam’s fibre exports in the same period. Its fibre exports to India were **.** per cent of the total shipment of $***.*** million. It shows that Vietnam can expand its market in India to tap a larger market. 

India’s yarn imports from Vietnam were valued at $**.*** million in January-May ****. It was *.** per cent of total imports of $***.*** million. Vietnam was the fourth largest yarn supplier for India, while Vietnam’s yarn export was *.** per cent of its total shipment of $*,***.*** million. India was the sixth largest market for Vietnam.