Vietnam's textile industry stays strong in April 2024

In April, Vietnam's textile industry remained stable. Upstream, cotton supply continued to be robust with growing import volumes, while downstream, the textile and apparel sector remained generally stable.

Cotton imports increased year-on-year and month-on-month in April 2024

In April, Vietnam's cotton imports continued to rise both year-on-year and month-on-month. According to statistics, in April 2024, Vietnam imported 132,900 tons of cotton, representing a year-on-year increase of 7% and a month-on-month increase of 3.7%. By country, the main sources of Vietnam's cotton imports in April were the United States, Brazil, and Australia, with imports of 53,100 tons, 39,800 tons, and 11,400 tons respectively, accounting for 39.98%, 29.94%, and 8.6% of the total imports.

Yarn imports rose year-on-year but fell month-on-month in April 2024

In April 2024, Vietnam imported 104,700 tons of yarn, a 24.5% increase year-on-year and a 0.7% decrease month-on-month. By country, the import pattern remained consistent with the previous year, with China being the main source. Vietnam imported 71,794 tons of yarn from China, accounting for about 68.57% of the total imports.

Yarn exports increased year-on-year but decreased month-on-month in April 2024

In April 2024, Vietnam exported 151,500 tons of yarn, a 5.0% increase year-on-year but a 6.8% decrease month-on-month. China remained the main destination for exports, receiving 65,000 tons, accounting for 43.28% of the total.

The net yarn exports decreased both year-on-year and month-on-month in April 2024

The import value of greige fabrics increased both year-on-year and month-on-month

In April 2024, Vietnam's import value of greige fabrics and textiles was $1.342 billion, marking a 16.6% year-on-year increase and a 12.6% month-on-month increase. China remained the main source of greige fabrics and textiles imports for Vietnam, accounting for 70.48% of the total import value.

Textile and apparel exports increased year-on-year but decreased month-on-month