On December 24, Indonesian media said that garment imports from Vietnam reached USD 10.057 million in September 2022 compared with USD 2.35 million USD in the previous month.

According to TexPro Intelligent Market Analysis Tool, previously, apparel imports from Vietnam reached USD 5.25 million in July; USD 3.80 million in June, USD 1.23 million in May and USD 2.71 million in April.

The trend of increasing garment imports from Vietnam was recorded in the third quarter of 2022 when the import turnover reached USD 17.66 million, an increase from the USD 7.75 million in the third quarter, and USD 15.97 million in the first quarter.

This figure last year was USD 13.308 million in the fourth quarter of 2021, USD 51 million in the third quarter of 2021 and USD 12 million in the second quarter of 2021.

Indonesia's apparel imports from Vietnam reached USD 53.54 million in 2021, compared with USD 41.61 million in 2020.

In January-September, 2022, import turnover of textiles and garments from Vietnam to Indonesia reached USD 41,394 million.

In the opposite direction, Indonesia's garment exports to Vietnam reached USD 12,873 million in the January-September 2022 period and USD 14.45 million for the whole of 2021. In recent years, Indonesia has always been a net importer of textiles and garments from Vietnam.

Regarding economic relations between Vietnam and Indonesia, recently, at a meeting with President of the Indonesian Chamber of Commerce and Industry (KADIN) Arsjad Rasjid within the framework of the State visit to Indonesia, President Nguyen Xuan Phuc emphasized Vietnam and Indonesia both have large populations, large markets and both prioritize intra-ASEAN cooperation, therefore the new two-way trade turnover of USD 13 billion is still low. The key point is that businesses of the two countries need to understand each other's market needs.

Kylie Nguyen