Vietnam's total textile and garment exports to global markets in the first 10 months of 2024 surpassed 30.57 billion USD, up 10.5% compared to the same period in 2023, with exports to the EU accounting for 11.46% of the total export value. Vietnam has risen to the 6th position among the largest textile and garment exporters to the EU, following China, Bangladesh, Turkey, India, and Pakistan.

The EU is the largest textile and garment importing market in the world. As the EU economy begins to recover, improved purchasing power has driven the demand for imports, including Vietnam's textile and garment products. Vietnamese textile and garment exports to the EU are benefiting from several advantages compared to other exporting countries, thanks to the Vietnam-EU Free Trade Agreement (EVFTA), which is now in its fifth year of implementation.

Under the commitments of the EVFTA, 100% of Vietnam’s textile and garment products will enjoy a 0% tariff after a maximum of 7 years from the agreement's entry into force, providing a strong impetus for expanding market share in the EU. According to the Vietnam Trade Office in Belgium and the EU, since the EVFTA came into effect, Vietnam's share in total textile and garment imports into the EU from non-EU countries has increased from 3.3% (in 2020) to 4.3% (in 2023).

According to calculations from Vietnam Customs' statistics, in the first 10 months of 2024, Vietnam’s textile and garment exports to the EU reached over 3.5 billion USD, an increase of 10.61% compared to the same period in 2023. Among these, the Netherlands and Germany were the two largest consumers of Vietnamese textile and garment products, accounting for 46.5% of the total textile and garment export value to the EU. Exports to the Netherlands were the highest, nearly 998.82 million USD, up 25.82% compared to the same period in 2023, making up 28.51% of total textile and garment exports to the EU. Exports to Germany reached nearly 633.89 million USD, down 9.01%, accounting for 18.09% of the total.

Six markets recorded export values of over 100 million USD in the first 10 months of 2024, including the aforementioned Netherlands and Germany, followed by Spain, with over 507.16 million USD, an increase of 10.13% compared to the same period last year, accounting for 14.48% of total textile and garment exports to the EU; France, with nearly 407.91 million USD, up 17.62%, accounting for 11.64%; Belgium, with over 351.84 million USD, up 2.25%, accounting for 10.04%; and Italy, with nearly 282.94 million USD, up 14.33%, accounting for 8.08%. Several markets showed strong growth in the first 10 months of 2024, such as: Hungary, up 117.18%, reaching nearly 2.25 million USD; Slovakia, up 98.81%, reaching over 4.47 million USD; Romania, up 55.07%, reaching nearly 6.32 million USD; and Luxembourg, up 50.79%, reaching over 5.01 million USD.

On the other hand, exports to some markets declined sharply, including: Bulgaria, down 75%, with only 364,963 USD; Lithuania, down 92.82%, with 118,178 USD; and Estonia, down 61%, with 69,750 USD.

Market	Octomber of 2024			10 months of 2024
	Value (USD)	Month-on-month (%)	Year-on-year  (%)	Value (USD)	Year-on-year  (%)	Market share (%)
EU	397,412,290	+23.2	+29.47	3,503,342,758	+10.61	100
Netherlands	118,719,685	+41.97	+33.48	998,817,079	+25.82	28.51
Germany	71,380,231	+35.52	+9.93	633,887,735	-9.01	18.09
Spain	52,896,238	-20.7	+16.83	507,164,360	+10.13	14.48
France	52,867,117	+15.72	+89.51	407,914,432	+17.62	11.64
Belgium	31,925,896	+26.46	-11	351,840,180	+2.25	10.04
Italy	31,842,361	+31.11	+42.22	282,941,759	+14.33	8.08
Poland	10,711,432	+26.27	+67.94	93,761,516	+13.84	2.68
Sweden	8,095,717	+24.58	+53.29	80,423,030	+15.57	2.30
Denmark	8,087,901	+84.25	+168.93	54,068,093	+11.24	1.54
Cheque	3,657,655	+253.09	+39.55	25,003,031	+49.16	0.71
Clothing	1,399,344	+6.48	+38.69	10,497,149	+3.13	0.30
Finland	1,145,363	+108.66	+23.62	7,597,307	-8.32	0.22
Greece	361,592	+36.56	+3.81	5,321,463	-14.49	0.15
Luxembourg	1,444,836	+79.43	+269.07	5,014,360	+50.79	0.14
Slovakia	402,246	-49.18	+21.67	4,466,238	+98.81	0.13
Hungary	1,098,539	+363.24	+1.219.87	2,245,418	+117.18	0.06
Ireland	1,673,272	+10	+14.95	15,592,954	-26.80	0.45
Portugal	223,539	+257	+104.81	901,891	-10.23	0.03
Bulgaria	101,843	+4.322	-53.97	364,963	-75.01	0.01
Estonia	0			69,750	-61.01	0.00
Latvia	261,795	-56.58	-20.46	3,712,455	+7.06	0.11
Lithuania	102,738		+170	118,178	-92.82	0.00
Malta	467,880	+201.5	+371.3	1,173,571	-29.65	0.03
Romania	1,074,450	+28.19	+73.3	6,316,498	+55.07	0.18
Slovenia	2,714,412	+499.7	+393	12,527,087	-18.57	0.36

Calculated from Vietnam's customs statistics, in the first 10 months of 2024, the category of textiles and garments code HS 62 (non-knitted or crocheted clothing and auxiliary garments) exported to the EU market the most, reaching nearly 1.84 billion USD, accounting for 52.57% of the total turnover. Ranking second in terms of turnover are clothes and auxiliary garments, knitting or crochet (HS code 61) reached a value of over 1.42 billion USD, accounting for 40.41% of the total export turnover of textiles and garments to the EU market.

According to calculations from Vietnam Customs' statistics, in the first 10 months of 2024, the largest category of textile and garment products exported to the EU was HS Code 62 (garments and accessories made of non-knitted or crocheted fabrics), with an export value of nearly 1.84 billion USD, accounting for 52.57% of the total export value.

The second-largest category in terms of export value was HS Code 61 (garments and accessories made of knitted or crocheted fabrics), with a value of over 1.42 billion USD, accounting for 40.41% of total textile and garment exports to the EU.

T.Huong

Source: Vitic