Vietnam’s exports of footwear reached US$2.15 billion in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a slight decrease of 3.45 percent compared to April, bringing the year-to-date (YTD) export value to US$9.76 billion.

USA remains top market despite decline; China and South Korea surge:

The USA continued to be the largest market, with exports totaling US$766.63 million in May, though this was a 9.38 percent decrease from April. Despite the overall dip, China saw a significant surge of 48.72 percent, reaching US$150.21 million. South Korea also experienced impressive growth of 54.25 percent.

Malaysia, Singapore, and Thailand record explosive month-on-month growth:

Several markets demonstrated remarkable month-on-month growth in May:

Malaysia exports surged by an astounding 121.28 percent.
Singapore exports jumped by 102.30 percent.
Greece saw a strong increase of 83.95 percent.
Taiwan exports rose by 72.30 percent.
Thailand recorded a significant increase of 64.47 percent.
Hungary showed an impressive 537.55% increase, albeit from a low base.

Germany, Mexico, and Central European markets face sharp declines:

Conversely, a number of markets experienced substantial decreases in May:

Czech Republic saw the largest drop of 54.81 percent.
Germany exports plummeted by 26.33 percent.
Mexico decreased by 34.01 percent.
Panama exports fell by 22.06 percent.
Sweden, Colombia, Denmark, Ukraine, Austria, Norway, Romania, Slovakia, and Portugal also recorded significant declines.
Notably, Cyprus and Armenia emerged as new export markets in May.

The May data for Vietnam’s footwear exports presents a mixed picture. While overall exports saw a slight decline, indicating potential headwinds in some traditional large markets, the impressive growth in key Asian markets like China, South Korea, Malaysia, Singapore, and Thailand suggests a robust and diversifying export landscape.

Vietnam exports of footwear, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	2,149.23	2,225.98	-3.45%	9,756.15	100.00%
Other	24.55	26.33	-6.79%	0.00	0.00%
USA	766.63	845.98	-9.38%	3,585.51	36.75%
Netherlands	152.37	173.08	-11.96%	742.76	7.61%
China	150.21	101.00	48.72%	644.81	6.61%
Belgium	111.58	121.96	-8.52%	498.57	5.11%
Japan	107.08	90.53	18.27%	489.37	5.02%
UK	95.26	105.51	-9.71%	442.37	4.53%
Canada	60.79	59.44	2.27%	258.01	2.64%
Germany	60.68	82.37	-26.33%	319.75	3.28%
France	56.08	62.37	-10.09%	271.03	2.78%
Italy	55.69	59.98	-7.14%	244.97	2.51%
South Korea	54.27	35.18	54.25%	260.59	2.67%
Mexico	50.96	77.23	-34.01%	284.41	2.92%
Spain	50.92	54.63	-6.80%	219.14	2.25%
Australia	45.55	38.84	17.29%	169.87	1.74%
Brazil	27.90	19.21	45.19%	94.73	0.97%
UAE	24.55	32.15	-23.64%	97.15	1.00%
Argentina	16.30	16.82	-3.11%	77.96	0.80%
Chile	15.90	16.44	-3.33%	68.44	0.70%
Taiwan	15.66	9.09	72.30%	62.04	0.64%
South Africa	15.47	11.93	29.72%	48.91	0.50%
Turkey	14.39	17.05	-15.61%	57.66	0.59%
Singapore	14.33	7.08	102.30%	47.90	0.49%
Malaysia	14.08	6.36	121.28%	47.02	0.48%
Indonesia	13.53	9.63	40.60%	58.59	0.60%
Israel	12.26	9.75	25.76%	36.95	0.38%
Panama	12.12	15.55	-22.06%	56.33	0.58%
Hong Kong	12.02	8.49	41.48%	44.65	0.46%
Thailand	11.80	7.18	64.47%	48.57	0.50%
Philippines	11.65	10.60	9.91%	47.41	0.49%
Sweden	9.95	13.39	-25.67%	34.60	0.35%
Poland	9.51	10.98	-13.39%	41.53	0.43%
Peru	8.38	9.32	-10.10%	38.74	0.40%
Czech Republic	7.32	16.19	-54.81%	37.18	0.38%
India	6.25	5.47	14.18%	15.38	0.16%
New Zealand	5.65	5.46	3.60%	21.00	0.22%
Luxembourg	3.85	2.91	32.10%	19.46	0.20%
Greece	3.80	2.07	83.95%	9.52	0.10%
Colombia	3.27	4.59	-28.76%	17.95	0.18%
Denmark	2.53	3.42	-26.05%	12.06	0.12%
Switzerland	2.50	2.66	-5.97%	9.77	0.10%
Ukraine	2.49	3.99	-37.60%	11.29	0.12%
Russia	2.12	1.75	20.97%	8.02	0.08%
Austria	1.81	3.01	-39.81%	10.38	0.11%
Norway	1.29	2.35	-45.10%	8.28	0.08%
Kazakhstan	1.00	1.01	-1.32%	2.93	0.03%
Finland	0.84	0.95	-11.01%	2.48	0.03%
Romania	0.70	2.60	-72.97%	8.39	0.09%
Slovakia	0.54	1.36	-60.36%	6.25	0.06%
Portugal	0.33	0.60	-44.32%	1.86	0.02%
Hungary	0.32	0.05	537.55%	0.41	0.00%
Iceland	0.15	0.11	44.07%	0.32	0.00%
Cyprus	0.06	0.00	0.00%	0.23	0.00%
Armenia	0.00	0.00	0.00%	0.05	0.00%

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