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Vietnam footwear exports down 24.6 percent September over August

Vietnam’s footwear exports fell by 24.6 percent in September over August from US$2.08 billion to US$1.57 billion. Footwear exports for the year, however, have reached US$16.54 billion which is an increase of 12.5 percent over the same period last year.

Of note:

  • The United States remains the largest export market, but experienced a significant decline of 31.90 percent in September compared to August.
  • China also shows a steep decline of 45.69 percent, while Japan and South Korea similarly display large drops of 38.42 percent and 44.23 percent respectively.
  • The Netherlands saw a smaller decrease of 7.46 percent, and Belgium experienced a modest increase of 4.69 percent.
  • Italy is the only other major market with a notable increase in exports, up by 8.87 percent.

See also: Vietnam Footwear Manufacturing: Industry Overview 2024

Vietnam footwear exports, destination, September vs August 2024

SeptemberAugustChangeYTD
USA586,331,931860,989,448-31.90%6,168,886,347
Netherlands122,594,532132,480,859-7.46%1,177,615,771
China119,350,632219,763,494-45.69%1,435,941,126
Belgium92,907,37388,938,8034.46%913,498,680
UK67,442,96778,702,318-14.31%719,100,495
Japan65,636,301106,594,696-38.42%784,476,125
Germany48,064,82346,521,7173.32%525,818,142
France45,400,31450,478,921-10.06%416,922,447
Italy40,362,02737,072,2578.87%298,520,755
South Korea39,011,38869,949,422-44.23%491,211,855
Other340,135,597387,008,967-12.11%3,605,923,045
Total1,567,237,8852,078,500,902-24.60%16,537,914,788

Source: Vietnam Exports Tracker

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