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Malaysia's apparel imports from Vietnam fall to $42.6 mn in Q1 2023

25 Jun '23

2 min read

Pic: Shutterstock.com

Insights

In the first quarter (Q1) of 2023, Malaysia's apparel imports from Vietnam decreased to $****.*** million, following previous quarters of consistent growth.
Despite being a net fabric exporter to Vietnam, a downward trend in shipments was noted.
Also, Malaysia's trade with Vietnam included nearly identical amounts of yarn exports and imports.

In the October-December **** quarter, Malaysia had imported apparel from Vietnam worth $**.*** million. This rose to $**.*** million in Q* ****, then to $**.*** million in Q*, and $**.*** million in Q*, reaching a peak of $**.*** million in Q* ****. The annual import total for **** was $***.*** million, an increase from the $**.*** million recorded in ****, according to trade data from *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

As a net exporter of fabric, Malaysia shipped textile intermediary products worth $**.*** million in the first quarter of ****. However, these outbound shipments have been on a downward trend for the past three quarters. They were recorded at $**.*** million in Q* ****, and then decreased to $**.*** million in Q* and $**.*** million in Q* ****, before dropping to $**.*** million in Q* ****.