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$150.21 million. South Korea also experienced impressive growth of 54.25 percent.
Malaysia, Singapore, and Thailand record explosive month-on-month growth:
Several markets demonstrated remarkable month-on-month growth in May:
- Malaysia exports surged by an astounding 121.28 percent.
- Singapore exports jumped by 102.30 percent.
- Greece saw a strong increase of 83.95 percent.
- Taiwan exports rose by 72.30 percent.
- Thailand recorded a significant increase of 64.47 percent.
- Hungary showed an impressive 537.55% increase, albeit from a low base.
Germany, Mexico, and Central European markets face sharp declines:
Conversely, a number of markets experienced substantial decreases in May:
- Czech Republic saw the largest drop of 54.81 percent.
- Germany exports plummeted by 26.33 percent.
- Mexico decreased by 34.01 percent.
- Panama exports fell by 22.06 percent.
- Sweden, Colombia, Denmark, Ukraine, Austria, Norway, Romania, Slovakia, and Portugal also recorded significant declines.
- Notably, Cyprus and Armenia emerged as new export markets in May.
The May data for Vietnam’s footwear exports presents a mixed picture. While overall exports saw a slight decline, indicating potential headwinds in some traditional large markets, the impressive growth in key Asian markets like China, South Korea, Malaysia, Singapore, and Thailand suggests a robust and diversifying export landscape.
See also: Vietnam Footwear Manufacturing 2025: Key Trends, Exports, and Opportunities
Vietnam exports of footwear, May 2025, US$ 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% |