2025 Vietnam Knitted Sweaters (HS 6110) Export: Boom & Bust

Key Takeaways

Knitted Sweaters, classified under HS Code 6110 (Sweaters, pullovers, cardigans, and similar articles, knitted or crocheted), exhibited sharp growth followed by a steep decline from January to October 2025.

• Market Pulse: Exports surged 127% from January to July 2025, peaking at $547.83 million, before collapsing 16.45% by October due to seasonal demand shifts and policy uncertainty.
• Structural Shift: The Vietnam Knitted Sweaters Export market is dangerously concentrated, with the US absorbing 56.52% of total value, while 72.07% of buyers are high-volume repeaters like YOUNGONE CORPORATION.
• Product Logic: HS Code 6110 trade data reveals a split between low-margin cotton/synthetic sweaters ($6–7/unit) and premium wool/cashmere ($13–35/unit), demanding distinct production strategies.

This overview covers the period from January to October 2025 and is based on verified customs data from the yTrade database.

Vietnam Knitted Sweaters (HS Code 6110) Key Metrics Trend

Market Trend Summary

The Vietnam Knitted Sweaters Export trend from January to October 2025 displayed a pronounced growth cycle followed by a sharp correction. Exports surged consistently through the first seven months, climbing from $241.41 million in January to a July peak of $547.83 million—a 127% cumulative increase. Growth momentum was strongest in Q2, with April and May posting nearly 30% monthly gains. However, this trajectory reversed abruptly in August, with exports declining 6.25% month-on-month, accelerating to a 16.45% drop in September, and settling at $412.56 million by October.

Drivers & Industry Context

The mid-year peak and subsequent contraction align closely with policy developments and seasonal demand cycles. The US—accounting for 58.82% of Vietnam’s HS 6110 exports by value in April—maintained stable tariff rates after a 31 July 2025 executive order, likely prompting accelerated shipments ahead of potential policy shifts [Vietnam Briefing]. This front-loading exhausted near-term demand, while the August–October decline reflects typical seasonal inventory drawdowns post-summer and stricter export compliance under Vietnam’s new Customs Decree 167/2025/ND-CP. The hs code 6110 value remains vulnerable to bulk segment competition and tariff pressures, though high-grade products (e.g., cashmere) showed resilience amid seasonal shifts (yTrade).

Table: Vietnam Knitted Sweaters Export Trend (Source: yTrade)

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Vietnam HS Code 6110 Export Breakdown

Market Composition & Top Categories

Vietnam's HS Code 6110 export market for knitted sweaters is dominated by cotton and synthetic fiber products. According to yTrade data, cotton jerseys and pullovers (HS 61102000) account for 56% of the volume and 50% of the export value, while man-made fiber equivalents (HS 61103000) represent 38% of volume and 39% of value. The remaining categories, including wool and cashmere, collectively contribute less than 6% of total volume.

Value Chain & Strategic Insights

Unit prices reveal a clear value hierarchy: basic cotton and synthetic sweaters trade at $6–7 per unit, while premium wool and cashmere products command $13–35. This HS Code 6110 breakdown indicates a bifurcated trade structure—a high-volume, price-sensitive commodity segment for mass-market goods and a niche, quality-driven segment for luxury fibers. Suppliers should align production with either cost-efficient scaling or premium specialization to compete effectively.

Table: Vietnam HS Code 6110) Export Breakdown Details (Source: yTrade)

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Vietnam Knitted Sweaters Destination Countries

Geographic Concentration & Market Risk

The United States dominates Vietnam's Knitted Sweaters export destinations, capturing 56.52% of the total export value from January to October 2025. This overwhelming reliance on a single market creates significant concentration risk, where any shift in US demand or trade policy would immediately impact Vietnam's entire sector. Japan and the Netherlands follow as secondary partners, but their combined share is less than half of the US market, underscoring a lack of diversification.

Purchasing Behavior & Demand Segmentation

The US market demonstrates a clear preference for higher-value items, with its value share (56.52%) nearly matching its quantity share (61.57%), indicating a focus on quality over pure volume. This pattern, combined with the highest shipment frequency (184.31K), points to a sophisticated, multi-channel retail environment demanding consistent replenishment of premium goods. For trade partners for Knitted Sweaters, this profile offers a blend of volume scale and solid margin potential, driven by branded apparel demand.

Table: Vietnam Knitted Sweaters (HS Code 6110) Top Destination Countries (Source: yTrade)

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Vietnam Knitted Sweaters Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, the Vietnam Knitted Sweaters buyers are overwhelmingly dominated by high-volume repeaters, who held a 72.07% share of export value from January to October 2025. This cluster, represented by companies like YOUNGONE CORPORATION, drives a market structure centered on stable, contract-based supply chains typical of large retailers or integrated manufacturers. Such concentration underscores the sector's dependence on key accounts for consistent, high-value orders.

Purchasing Behavior & Sales Strategy

The HS Code 6110 buyer trends reveal purchasing patterns defined by frequent, high-value transactions, indicating deep supply chain integration rather than spot trading. To address the concentration risk from relying heavily on a few major clients, sellers should prioritize relationship management with existing key accounts through tailored services and explore digital outreach to capture smaller, emerging buyers. Focusing on operational reliability and flexible contract terms can further solidify long-term partnerships in this predictable export environment.

Table: Vietnam Knitted Sweaters (HS Code 6110) Top Buyers List (Source: yTrade)

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Action Plan for Knitted Sweaters Market Operation and Expansion

• Diversify buyers: Target smaller, emerging clients via digital outreach to reduce reliance on the 72% of exports controlled by high-volume repeaters.
• Shift geographic focus: Expand into Japan and the Netherlands to mitigate the 56.52% US market concentration risk.
• Upgrade product mix: Allocate resources to premium wool/cashmere lines ($13–35/unit) to capture higher margins, given the US’s quality-driven demand.
• Lock in contracts: Secure orders ahead of potential US tariff changes, as front-loaded shipments in mid-2025 suggest policy sensitivity.
• Optimize logistics: Streamline costs for bulk cotton/synthetic sweaters ($6–7/unit) to maintain competitiveness in the commodity segment.

Take Action Now —— Explore Vietnam Knitted Sweaters HS Code 6110 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Vietnam Knitted Sweaters Export in 2025?

Vietnam's Knitted Sweaters exports surged 127% through July 2025, then declined sharply due to seasonal demand shifts and policy uncertainty. The mid-year peak reflected accelerated shipments ahead of potential US tariff changes, while the later drop aligned with post-summer inventory drawdowns and stricter export compliance rules.

Q2. Who are the main destination countries of Vietnam Knitted Sweaters (HS Code 6110) in 2025?

The US dominates with 56.52% of export value, followed by Japan and the Netherlands as secondary markets. This heavy reliance on one destination creates significant concentration risk for Vietnam's sector.

Q3. Why does the unit price differ across destination countries of Vietnam Knitted Sweaters Export in 2025?

Price differences stem from product composition: basic cotton/synthetic sweaters trade at $6–7 per unit, while premium wool/cashmere products command $13–35. The US's higher value share reflects its preference for quality over pure volume.

Q4. What should exporters in Vietnam focus on in the current Knitted Sweaters export market?

Exporters should prioritize relationship management with high-volume repeat buyers (72.07% of value) while diversifying into emerging markets to reduce US dependence. Aligning production with either cost-efficient scaling or premium specialization is critical.

Q5. What does this Vietnam Knitted Sweaters export pattern mean for buyers in partner countries?

US buyers benefit from consistent premium goods supply but face concentration risks. Smaller markets have growth potential as Vietnam seeks diversification, offering opportunities for niche buyers to secure tailored products.

Q6. How is Knitted Sweaters typically used in this trade flow?

Knitted sweaters (HS 6110) are primarily exported as finished apparel, with cotton and synthetic fiber products serving mass-market demand, while wool/cashmere items cater to luxury segments.

Detailed Monthly and Quarterly Report

Vietnam HS Code 6110 Export Data Snapshot 2025 JAN

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