According to preliminary statistics from the General Department of Customs , cotton imports of all kinds to Vietnam in September 2023 reached 108,516 tons with a value of more than 220 million USD, down 11% in volume and 10.1% in value. price compared to the previous month.

By the end of the third quarter, our country imported 989,235 tons of cotton worth more than 2.1 billion USD, down 6.8% in volume and 28.2% in value compared to the same period in 2022. The average import price reached 2,160 USD/ton, down 23% over the same period.

In the first 9 months of the year, Vietnam imported 989,235 tons of cotton of all kinds

In the first 9 months of the year, the US and Australia were the two largest markets supplying cotton to Vietnam. Specifically, in September 2023, our country imported 12,723 tons of cotton from the US worth more than 29 million USD, down 54.2% in volume and down 46% in value compared to August 2023.

By the end of the third quarter, our country spent more than 832 million USD importing 378,973 tons of cotton from the US, an increase of 6.28% in volume but a decrease of 29.95% in value compared to the same period in 2022. The average import price reached 2,196 USD/ton, down 25% over the same period in 2022.

Ranked 2nd among Vietnam's cotton supply markets is Australia. In September, our country imported 66,261 tons worth more than 139 million USD, an increase of 6.54% in volume and an increase of 5.24% in quantity. value compared to the previous month.

Overall, in the first 9 months of the year, Australia exported 300,816 tons of cotton to Vietnam, earning more than 668 million USD, up 39% in volume and 2.4% in value compared to the same period in 2022. Average import price army reached 2,221 USD/ton, down 26% over the same period in 2022.

Currently, Vietnam is the world's third largest cotton importer with a consumption of 1.5 million tons/year, the world's 6th largest fiber exporter and the 3rd largest exporter of textiles and garments. world – just behind China and Bangladesh.