Vietnam's textiles exports to China have shown an upward trajectory over the last decade. Starting at $971.91 million in 2013, exports grew consistently, reaching $3270.9 million in 2023. The growth pattern, however, shows signs of slowing down. Between 2013 and 2017, the growth rate was robust, often exceeding 20% annually. The period from 2017 to 2023 saw a gradual decline in year-on-year growth, falling to under 5% in recent years. The latest data indicate a Compound Annual Growth Rate (CAGR) of 5.25% from 2019 to 2023. The forecasted CAGR for 2028 is lower, at 3.14%, reflecting a slowing yet steady increase.

Future trends to watch for include:

Potential impact of geopolitical tensions and trade policies on export dynamics.
The rise of eco-friendly textiles and Vietnam's competitiveness in this niche market.
Technological advancements in textile manufacturing and their adoption rates in Vietnam.
China's domestic demand variability and its reliance on Vietnamese textiles.