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Vietnam's textile & garment exports rise 8.9% to $27.3 bn in Jan-Sept

13 Oct '24
2 min read
Vietnam's textile & garment exports rise 8.9% to $27.3 bn in Jan-Sept
Vietnam's textile & garment exports rise 8.9% to $27.3 bn in Jan-Sept

Insights

  • Vietnam's textile and garment exports (excluding yarn and fibre) increased by *.*% YoY, reaching $**.** billion from January to September, while yarn exports rose slightly by *.*%.
  • The US remained the largest market for garments, and China led in yarn imports.
  • Vietnam's cotton imports grew by *.*%.
  • Despite growth, the sector's 2024 export target was lowered to $** billion.

Meanwhile, Vietnam’s yarn exports increased slightly by *.* per cent year-on-year, totalling $*.** billion. In volume terms, yarn exports rose by *.* per cent, with the country exporting *.** million tonnes of yarn in the first nine months of ****. However, on a month-on-month basis, yarn exports dropped by **.* per cent in both value and volume. In September ****, Vietnam exported ***,*** tonnes of yarn, worth $***.** million.

The United States remained the largest market for Vietnam’s textile and garment exports, accounting for **.** per cent of the total, equivalent to $**.** billion. Japan and South Korea were also key markets, with exports amounting to $*.** billion and $*.** billion, respectively.

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