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India strengthens textile trade with Vietnam as exports outpace import

20 Feb '25

2 min read

India strengthens textile trade with Vietnam as exports outpace import

Insights

India's textile exports to Vietnam in Jan–Nov 2024 were double its imports, reaching $****.*** million.
Yarn exports increased over the past three years, accounting for ****.* per cent of total textile exports.
Fibre remained the dominant imported product, making up ***.* per cent of total imports.
Overall, India's textile trade with Vietnam showed a rising trend in exports while imports declined.

India’s textile exports to Vietnam amounted to $***.*** million in the first ** months of ****, compared to $***.*** million in **** and $***.*** million in ****. Trade data suggests that India’s yarn exports have increased over the past three years. The shipment was valued at $***.*** million in ****, rising to $***.*** million in ****, and reaching $***.*** million in January–November ****. Yarn exports accounted for **.** per cent of total textile exports in the first ** months of ****, compared to **.** per cent in **** and **.** per cent in ****, according to Fibre2Fashion&#**;s market insight tool TexPro.

During January–November ****, India exported fibre worth $***.*** million (**.**per cent) and fabric worth $**.*** million (**.**per cent) to Vietnam. Fibre exports amounted to $***.*** million (**.**per cent) and fabric exports to $**.*** million (**.**per cent) in ****, while fibre exports stood at $***.*** million (**.**per cent) and fabric exports at $**.*** million (**.**per cent) in ****.