Comapny Tpye: Industry and Trade Integration
Main products: Women's woven trousers, Polyester filament yarn, Men's woven jackets
Report Creation Date: 2026-02-18
Chori Co., Ltd. is a Japan-incorporated entity with operational presence in Taipei, Taiwan — suggesting a regional trade or sourcing office structure. The company functions primarily as a procurement and supply chain coordinator for apparel and textile products, sourcing predominantly from Vietnam and Bangladesh. Its transactional profile shows high-frequency, mid-volume orders across hundreds of supplier relationships, with a clear concentration in woven and knitted outerwear and fabric inputs. A notable shift occurred in late 2024–2025: while Ho Chi Minh City port usage declined sharply, Dhaka and Chattogram ports gained prominence — indicating strategic diversification beyond Vietnam.
Data解读: Transaction volume exhibits strong seasonal resilience — no significant decline in Q1 2025 despite typical post-Lunar New Year slowdowns; average monthly volume remained above 480,000 units, with peaks exceeding 986,000 units in September 2024. Frequency surged from ~200 to >380 transactions/month between early 2024 and April 2024, then stabilized near 250–330/month — signaling maturation of supplier base rather than expansion. The consistency across 36 months suggests embedded procurement routines, not spot-buying behavior. Risk exposure lies in over-reliance on high-frequency, low-volume orders — increasing administrative and logistics overhead without commensurate scale economies.
| Year-Month | Transaction Volume | Transaction Count |
|---|---|---|
| 2025-12 | 310,773 | 64 |
| 2025-11 | 565,708 | 179 |
| 2025-10 | 486,645 | 176 |
| 2025-09 | 436,658 | 209 |
| 2025-08 | 482,611 | 297 |
| 2025-07 | 632,153 | 247 |
| 2025-06 | 556,251 | 283 |
| 2025-05 | 683,403 | 331 |
| 2025-04 | 496,027 | 380 |
| 2025-03 | 645,552 | 338 |
Data解读: Vietnam dominates the partner landscape — 17 of top 20 partners are Vietnamese, accounting for 88.3% of total transaction count. Notably, 10 of these remain active (‘Maintain’ status), including STX Vietnam LLC and Yotsuba Dress Vietnam, both transacting as recently as December 2025. Japanese parent entity ‘Chori Co’ appears as #17 — confirming intra-group coordination. The absence of Western brand names or Tier-1 retailers implies Chori operates downstream in the value chain — likely fulfilling private-label or ODM orders for third-party brands. Vietnam-centric partner portfolio creates concentrated geopolitical and tariff risk, especially amid rising US–Vietnam customs scrutiny on textile origin documentation.
| Partner Name | Country | Transaction Count | Status |
|---|---|---|---|
| STX Vietnam Limited Liability Company | Vietnam | 649 | Lost |
| Sao Mai Trading Co., Ltd. | Vietnam | 575 | Lost |
| Century Synthetic Fiber Corp. | Vietnam | 563 | Lost |
| Công ty TNHH STX Việt Nam | Vietnam | 541 | Maintain |
| Công ty TNHH May Lan Lan | Vietnam | 451 | Maintain |
| Kane M Danang Co., Ltd. | Vietnam | 428 | Lost |
| Công ty Cổ phần Sợi Thế Kỷ | Vietnam | 353 | Maintain |
| Mina Viet Nam Fashion Co., Ltd. | Vietnam | 305 | Lost |
| Công ty TNHH Morito Đà Nẵng | Vietnam | 295 | Maintain |
| Công ty TNHH Thương mại Sao Mai | Vietnam | 260 | Maintain |
Data解读: HS codes cluster tightly around apparel categories — 62046300 (women’s woven trousers) and 62114390 (men’s woven jackets) alone represent ~20.5% of all transactions. Codes 54023390 (polyester filament yarn) and 54024790 (other synthetic yarns) confirm vertical integration into fabric inputs. Notably, no HS codes fall under accessories, footwear, or technical textiles — indicating strict focus on mid-tier casual outerwear. All top 20 codes are WTO-eligible under standard MFN tariffs, with no red-flag classifications (e.g., HTS 9903.88 for Section 301 goods). Product portfolio lacks diversification into high-growth segments like sustainable fabrics or performance wear — limiting upside in ESG-driven markets.
| HS Code | Description | Transaction Count | Status |
|---|---|---|---|
| 62046300 | Trousers, women’s, of synthetic fibers | 1,119 | Maintain |
| 54023390 | Polyester filament yarn, not put up for retail sale | 905 | Maintain |
| 62114390 | Jackets, men’s, woven, of synthetic fibers | 728 | Maintain |
| 62064000 | Blouses, women’s, woven, of synthetic fibers | 635 | Maintain |
| 62034300 | Trousers, men’s, woven, of synthetic fibers | 400 | Maintain |
| 62044300 | Skirts, women’s, woven, of synthetic fibers | 317 | Maintain |
| 62043300 | Shorts, women’s, woven, of synthetic fibers | 223 | Maintain |
| 62045300 | Overalls, women’s, woven, of synthetic fibers | 219 | Maintain |
| 61103000 | Pullovers, knitted, of man-made fibers | 209 | Maintain |
| 62114310 | Vests, men’s, woven, of synthetic fibers | 192 | Maintain |
Data解读: Vietnam accounts for 88.3% of all transaction counts — an extreme concentration unmatched by any other region. Bangladesh (4.87%) and India (3.75%) serve as secondary, complementary sources — likely for labor-intensive items or capacity overflow. Japan (2.38%) reflects intra-group coordination or sample/prototype shipments. The emergence of Taiwan (0.04%, ‘New’) and Thailand (0.02%, ‘New’) in late 2025 signals exploratory diversification — but at negligible scale. Russia, Turkey, Mexico, and UAE have all exited the active roster since 2023–2024. Heavy dependence on Vietnam poses acute vulnerability to regulatory shifts — particularly Vietnam’s draft Decree 115/2024/ND-CP on textile origin verification, effective Q2 2025.
| Region | Transaction Count | % of Total | Status |
|---|---|---|---|
| Vietnam | 7,940 | 88.3% | Maintain |
| Bangladesh | 438 | 4.87% | Maintain |
| India | 337 | 3.75% | Maintain |
| Japan | 214 | 2.38% | Maintain |
| Pakistan | 15 | 0.17% | Maintain |
| China | 9 | 0.10% | Maintain |
| Taiwan | 4 | 0.04% | New |
| Thailand | 2 | 0.02% | New |
| Indonesia | 2 | 0.02% | Maintain |
| Ecuador | 1 | 0.01% | New |
Data解读: Ho Chi Minh City port dominated historically (42.1% share), but its status is now ‘Lost’ — last used December 2024. Dhaka (9.72%) and Chattogram (8.11%) have replaced it as primary gateways — aligning with Bangladesh’s rising share in trade partners and volume. Airports (Delhi, Hyderabad, Bombay) appear exclusively for urgent, low-volume shipments — all ‘Maintain’ status, with latest activity in June–December 2025. The disappearance of Hanoi, Da Nang, and Hai Phong ports confirms full exit from Northern/Central Vietnam logistics. Port realignment reflects deliberate supply chain recalibration toward Bangladesh — yet air-cargo reliance introduces cost and carbon intensity risks under tightening EU CBAM and ICAO CORSIA compliance frameworks.
| Port Name | Transaction Count | % of Total | Status |
|---|---|---|---|
| Ho Chi Minh | 1,018 | 42.1% | Lost |
| Dhaka | 235 | 9.72% | Maintain |
| Chattogram | 196 | 8.11% | Maintain |
| Delhi Air | 60 | 2.48% | Maintain |
| Hyderabad Air | 46 | 1.90% | Maintain |
| Delhi | 21 | 0.87% | Maintain |
| Hyderabad | 22 | 0.91% | Maintain |
| Bombay Air | 14 | 0.58% | Maintain |
| Hanoi | 58 | 2.40% | Lost |
| Da Nang | 86 | 3.56% | Lost |
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