Vietnam’s apparel exports to the US were valued at $9.094 billion in January-June 2022 which was 50.88 per cent of its total exports of $17.875 billion in the same period, according to market data from Fibre2Fashion’s market insight tool TexPro.
The exports to Japan were at $1.635 billion (9.15 per cent), South Korea at $1.556 billion (8.71 per cent), China at $793.371 million (4.44 per cent) and Canada at $732.067 million (4.10 per cent) in the period under review. Germany, UK, France, Netherlands, Australia, Belgium and Switzerland were the other markets of Vietnam with exports of more than 1 per cent each.
Vietnam exported more than 50 per cent of its garments to the US out of the total exports of $17.875 billion in the first half (H1) of this year. According to an analysis of exports data, the country exported around 78 per cent of its apparel to 5 countries including Japan, South Korea, China and Canada. Japan was the 2nd largest market for the country.
The US was the largest importer of Vietnamese apparel last year with a huge margin. Vietnam had exported apparel worth $14.284 billion in 2021 which was 45.78 per cent of its total exports of $31.201 billion, as per TexPro. The exports to Japan were at $3.450 billion (11.06 per cent), South Korea at $3.294 billion (10.56 per cent), China at $1.734 billion (5.56 per cent) and Canada at $1.199 billion (3.84 per cent), in 2021.
Fibre2Fashion News Desk (KUL)
