Vietnam Performed Better In 2020 Compared To Others : Exports To EU 2010-2020

Vietnam is an increasingly important denim apparel production and export center and with the EVFTA with Vietnam becoming active, the trade volume between the two regions is likely to shoot up sharply. This report provides a detailed analysis of the imports of denim jeans into EU from Vietnam over a period of 10 years from 2010 to 2020. The detailed report shows the imports by EU over this period.

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Table showing total jeans imports from Vietnam: 2010-2020

Graph showing total jeans imports from Vietnam: 2010-2020

Table showing men’s jeans imports from Vietnam: 2010-2020

Graphs showing men’s jeans imports from Vietnam: 2010-2020

Table showing women’s jeans imports from Vietnam: 2010-2020

Graphs showing women’s jeans imports from Vietnam: 2010-2020

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1.TOTAL JEANS IMPORTED FROM VIETNAM DURING 2010-2020

As we can see from the table below, Vietnam has increased its share of EU imports significantly over the last 10 years.

• From 0.7 % share in 2010, it increased to 1.2 % in 2020.
• In 2018 it shows a rise of 1 % in 2013 and then there was a constant volume of imports from 2016-2019.
• There was a fall of 0.8% in 2018. 
• The highest imports were in 2020 of around 1.2 million pieces with an avg. price of Euro 4.67.

YEAR	PRICE IN EURO / PCS	QUANTITY IN MILLION PCS	TOTAL EU IMPORTS (Qty.)	% SHARE
2010	8	3.32	505.97	0.7
2011	9	3.69	507.24	0.7
2012	11	4.02	477.66	0.8
2013	11	4.87	505.56	1.0
2014	10	4.68	533.02	0.9
2015	9	5.82	545.09	1.1
2016	10	5.98	586.79	1.0
2017	11	5.64	587.83	1.0
2018	12	5.27	619.97	0.8
2019	13	5.93	569.14	1.0
2020	12.45	4.67	399.6	1.2
TOTAL		53.89	5837.87	0.9

2.MEN’S JEANS IMPORTED TO EU

Vietnam imported around 36 million pieces of men’s jeans in the last 10 years. In 2019, Vietnam exported the highest number of men’s jeans with a total volume of about 4.52 million pieces at an average price of EURO 13. And due to the pandemic 2020 exported much fewer jeans compared to 2019.

YEAR	PRICE IN EURO / PCS	QUANTITY IN MILLION PCS
2010	8	1.84
2011	9	2.23
2012	12	2.68
2013	12	3.55
2014	11	3.23
2015	13	2.87
2016	12	3.73
2017	12	4.11
2018	13	3.72
2019	13	4.52
2020	12.82	3.58
TOTAL		36.06

As we can see from graphs above, the quantity has been steadily increasing over the last few years whereas the price , which increased from Euro 8 to Euro 13 per pc is more or less constant in the last few years. This also shows that Vietnam has climbed up the value graph as it seems to be able to export at higher prices than that of Pakistan and Bangladesh.

2. WOMEN’S JEANS IMPORTED TO EU

Vietnam imported around 18 million pieces of women’s jeans in the last 10 years. In 2015, Vietnam exported the highest number of women’s jeans with a total volume of about 2.95 million pieces at an average price of EURO 4.63.

YEAR	PRICE IN EURO / PCS	QUANTITY IN MILLION PCS
2010	8.52	1.48
2011	8.32	1.46
2012	8.37	1.34
2013	7.62	1.32
2014	7.2	1.46
2015	4.63	2.95
2016	6.22	2.25
2017	9.05	1.53
2018	10.58	1.55
2019	11.42	1.42
2020	11.22	1.09
TOTAL		17.84

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As we can see from the price graph above, we find that the average prices of Men’s jeans have remained more or less similar around Euro 13 whereas women’s jeans have fluctuated from around Euro 5 in 2015 to Euro 9 in 2017 and finally settling around Euro 11 from 2018-2020. The volumes of exports are still negligible compared to those from Bangladesh and Pakistan. However, as EVFTA keeps on moving forward , the exports of denim apparel from Vietnam will increase and help the country to establish a strong denim export presence. We already see a number of new units – both of fabrics and garments coming up and in the near future we expect them to add strongly to the exports already happening.