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Sharp decline in Vietnam's cotton imports from Brazil in H1 2023

30 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Vietnam's cotton imports from Brazil for H1 2023 amounted to $*****.**** million for **.*** million kg, marking a drastic decline compared to 2022.
  • The value of cotton trade between the two nations decreased by **.*3 per cent, the volume by ** per cent, and the average price by *.*7 per cent.
  • This suggests a reduced demand in Vietnam's textile industry.

During the same period in ****, Vietnam had imported ***.*** million kg of cotton at an average price of $*.** per kg from Brazil, totalling $***.*** million in trade value, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

In the period under review, the value of cotton trade between the * countries decreased by **.** per cent, volume declined by ** per cent, while the average price decreased by *.** per cent. 

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