Vietnam’s overall exports to Germany grew by 30.5 per cent between January and October 2022. The two-way trade between the two countries rose by 17.6 per cent year on year to reach $10.6 billion in the same period, according to Vietnam’s ministry of industry and trade.
Quarterly exports from Vietnam to Germany increased to $256.531 million in January-March 2022 from $198.361 million of October-December 2021. They further increased to $269.821 million in April-June 2022. The outbound shipment from Vietnam was at $229.916 million in July and August 2022, according to Fibre2Fashion’s market insight tool TexPro.
Vietnam’s exports of apparel to Germany stood at $756.268 million in the first eight months of 2022. Trousers and shorts, shirts, coats, T-shirts, and jerseys were the major items which were exported to Germany. Vietnam’s total exports to Germany grew by 30.5 per cent between January and October 2022, according to Vietnam’s ministry of industry and trade.
Vietnam’s apparel exports to Germany stood at $756.268 in January-August 2022. This year, the exports may surpass the figure of $911.866 million achieved in 2021. The outbound shipment amounted to $864.510 million in 2020, $921.563 million in 2019, $934.905 million in 2018 and $905.340 million in 2017, as per TexPro.
During 2021, Vietnam exported trousers and shorts worth $242.023 million which was 26.54 per cent of the total apparel exports to Germany. Other major export items were shirts (11.23 per cent), coats (8.80 per cent), T-shirts (7.59 per cent), jerseys (6.71 per cent), jackets and blazers (3.35 per cent) and innerwear (3.28 per cent).
Fibre2Fashion News Desk (KUL)
