In the first six months of 2022, China’s supplies of textile, leather and footwear materials and accessories to Vietnam increased to 53 per cent of the total $14.71 total imports by the country. As per a report by the General Department of Customs, Vietnam’s import of raw materials and accessories declined over 16 per cent to $2.40 billion in June ’22, compared to the previous month.

China is the largest supplier of raw materials and accessories to Vietnam with exports increasing by 11.70 per cent to $7.80 billion compared to the previous year. Vietnam’s imports from Taiwan increased by 6 per cent during the period while those from South Korea surged by 2 per cent.

In the past six months, Vietnam’s imports of fabrics of all kinds increased by 9 per cent to $8 billion, while those of raw materials for textiles, leather and footwear surged by 5.5 per cent to $3.52 billion (up 5.5 per cent). Imports of cotton of all kinds increased by 15.5 per cent to $1.83 billion while those of textile fibres of all kinds surged by 6.4 per cent to $1.41 billion.