Prime Content | 
MERCOSUR textile market: A new frontier for Vietnamese exports

24 Feb '25
5 min read
MERCOSUR textile market: A new frontier for Vietnamese exports
MERCOSUR textile market: A new frontier for Vietnamese exports

Insights

  • Vietnam is strategically targeting the MERCOSUR textile market despite facing high tariff barriers, with import duties reaching **.**% on key products.
  • Competing with China, Bangladesh, and Brazil, Vietnam's share is currently small but growing.
  • If tariffs drop, trade creation could significantly boost Vietnamese textile exports, particularly in synthetic swimwear and children's apparel.

With Vietnam seeking to strengthen its trade relations with the MERCOSUR region, textile and apparel exports would play a major role in Vietnamese exports to the region. With tariffs as high as ** per cent for individual textile products, Vietnam will likely negotiate for the most favourable tariff rates for its apparel.

Exhibit *: Share of top ** textile and apparel exporting countries to MERCOSUR region (in %)

To read the full story, become a PRIME member today.
Already a member? Log in
PRIME
Unlimited Access to
F2F Prime Content
Trial $1 Only

for your first 30 days then pay $19 per month

Learn more about Prime Content Service

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
Advanced Search