Cotton Import of Vietnam in 2024: The Detailed Trade Analysis

Cotton has been an essential globally traded commodity because of its wide use in different textile industries. Vietnam in Southeast Asia, sharing borders with China and Cambodia in the north and west directions, have solidified their position as the leading importer of cotton in the international trade market. The stretchability and comfort that the cloth made of cotton fabric provides have substantially contributed to an increase in global trade demand. Due to the global textile demand and the positioning of Vietnam as the leading textile exporter, the country has reported a hike in its cotton imports, influencing the global supply. Vietnam Export Data says that the trade agreements enhancing the cotton exports and the strategic position of the nation, and the global supply chains have benefited the overall trade.

The high domestic cotton production, influencing the import volumes, has resulted in an import rate value for cotton worth 965 million US dollars in 2024. The diversity in the foreign sources fulfilling the consumer demand has been outstripping the overall trade resources. Subscribe to Import Globals, the leading Vietnam import and export trade provider, to stay updated with the latest information regarding the cotton import of Vietnam with Vietnam trade data.

THE GOVERNMENT PLANS SUPPORTING THE COTTON IMPORT OF VIETNAM IN 2024

The temporary exemption from import duty on cotton launched by the government authorities has boosted the competitiveness of the garment sector while lowering the raw material costs. The promotion of cotton imports through trade missions has fostered trust and has opened doors for future collaboration with the top trade suppliers. 

The diversification of cotton import sources by the government authorities has ensured a stable and diversified supply chain. It has enabled the risk mitigation associated with over-reliance on single sources, enhancing trade resilience. The implementation of trade agreements facilitating cotton imports has provided potential ties while making the commodity a cost-effective and efficient source for the garment manufacturers.

THE LEADING VARIANTS OF COTTON IMPORTED INTO VIETNAM

Vietnam, due to its thriving textile industry, has reported a diversity in its overall imports of raw materials. According to the Vietnam Import Data, the top 10 leading variants of cotton imported in the nation in 2024 are,

  • Raw cotton – The annual valuation of Raw cotton imported in Vietnam in 2024 – 165 million US dollars
  • Carded cotton– The annual valuation of Carded cotton imported in Vietnam in 2024 – 142 million US dollars
  • Combed cotton– The annual valuation of Combed cotton imported in Vietnam in 2024 – 129 million US dollars
  • Cotton yarn– The annual valuation of Cotton yarn imported in Vietnam in 2024 – 105 million US dollars
  • Cotton thread– The annual valuation of Cotton thread imported in Vietnam in 2024 – 92 million US dollars
  • Cotton fabric– The annual valuation of Cotton fabric imported in Vietnam in 2024 – 87 million US dollars
  • Heavy cotton fabric– The annual valuation of Heavy cotton fabric imported in Vietnam in 2024 – 78 million US dollars
  • Light cotton fabric– The annual valuation of Light cotton fabric imported in Vietnam in 2024 – 60 million US dollars
  • Cotton waste– The annual valuation of Cotton waste imported in Vietnam in 2024 – 54 million US dollars
  • Blended cotton fabric– The annual valuation of Blended cotton fabric imported in Vietnam in 2024 – 49 million US dollars

TOP 10 IMPORT TRADE PARTNERS OF VIETNAM IN 2024

The proper maintenance of the bilateral relationship is influenced by the upward trajectory in the demand rates of cotton. According to the Vietnam Customs Data, the top 10 import trade partners of the nation for cotton imports in 2024 are

  • China – The total valuation of cotton imported in Vietnam from China in 2024 – 219 million US dollars

Top 5 variants of cotton imported

  1. Cotton terry cloth
  2. Cotton mesh fabric
  3. Cotton waffle fabric
  4. Cotton French terry
  5. Cotton double-knit fabric
  • South Korea– The total valuation of cotton imported in Vietnam from South Korea in 2024 – 165 million US dollars

Top 5 variants of cotton imported

  1. Cotton thread
  2. Cotton embroidery thread
  3. Cotton sewing thread
  4. Cotton batting
  5. Cotton quilt filling
  • Japan – The total valuation of cotton imported in Vietnam from Japan in 2024 – 152 million US dollars

Top 5 variants of cotton imported

  1. Cotton-polyester blend
  2. Cotton-lycra blend
  3. Cotton-modal blend
  4. Cotton-linen blend
  5. Cotton-silk blend
  • Taiwan – The total valuation of cotton imported in Vietnam from Taiwan in 2024 – 106 million US dollars

Top 5 variants of cotton imported

  1. Cotton twill tape
  2. Cotton ribbons
  3. Cotton gauze
  4. Cotton medical bandages
  5. Cotton pads
  • United States – The total valuation of cotton imported in Vietnam from the United States in 2024 – 91 million US dollars

Top 5 variants of cotton imported

  1. Cotton-wool blend
  2. Cotton-rayon blend
  3. Stretch cotton fabric
  4. Organic cotton fabric
  5. Recycled cotton fabric
  • Thailand – The total valuation of cotton imported in Vietnam from Thailand in 2024 – 82 million US dollars

Top 5 variants of cotton imported

  1. Poplin cotton fabric
  2. Denim cotton fabric
  3. Chambray cotton fabric
  4. Canvas cotton fabric
  5. Flannel cotton fabric
  • Malaysia – The total valuation of cotton imported in Vietnam from Malaysia in 2024 – 70 million US dollars

Top 5 variants of cotton imported

  1. Plain weave cotton fabric
  2. Twill weave cotton fabric
  3. Satin weave cotton fabric
  4. Oxford weave cotton fabric
  5. Muslin cotton fabric
  • Indonesia – The total valuation of cotton imported in Vietnam from Indonesia in 2024 – 65 million US dollars

Top 5 variants of cotton imported

  1. Cotton yarn (carded)
  2. Mercerized cotton yarn
  3. Slub cotton yarn
  4. Bouclé cotton yarn
  5. Compact cotton yarn
  • India – The total valuation of cotton imported in Vietnam from India in 2024 – 49 million US dollars

Top 5 variants of cotton imported

  1. Cottonseed hulls
  2. Cottonseed oil
  3. Cottonseed meal
  4. Organic cotton
  5. Conventional cotton
  • Australia – The total valuation of cotton imported in Vietnam from Australia in 2024 – 38 million US dollars

Top 5 variants of cotton imported

  1. Raw cotton (seed cotton)
  2. Ginned cotton
  3. Carded cotton
  4. Combed cotton
  5. Cotton linters

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