Footwear exports tend to rise from midyear

Update: 21-02-2017 | 18:00:14

Footwear exports have constantly increased in recent years from US$6.5 billion in 2011 to US$13 billion in 2016, according to the General Department of Vietnam Customs.

It analysed that footwear exports often begin rising in the second quarter and obtain the highest growth in the third quarter of the year.

The US has been the leading importer of Vietnam footwear for many years. Footwear exports to the market have accounted for 30% of the country’s total footwear export value and 11% of the country’s total exports to the world largest economy.

Last year, the US imported US$4.484 billion worth of Vietnamese footwear products, a year-on-year rise of 10%. Other major importers of Vietnamese footwear included China (US$904.9 million, up 20%), Belgium (US$825.4 million, up 14%), Germany (US$764.7 million, up 8.4%) and Japan (US$674.9 million, up 12.9%).

However, according to a latest report from Vietnam Customs, footwear exports hit only US$1.169 billion in January, down 4.8% against the same period last year.

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Footwear exports tend to rise from midyear

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