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
| September | August | Change | YTD | |
| USA | 586,331,931 | 860,989,448 | -31.90% | 6,168,886,347 |
| Netherlands | 122,594,532 | 132,480,859 | -7.46% | 1,177,615,771 |
| China | 119,350,632 | 219,763,494 | -45.69% | 1,435,941,126 |
| Belgium | 92,907,373 | 88,938,803 | 4.46% | 913,498,680 |
| UK | 67,442,967 | 78,702,318 | -14.31% | 719,100,495 |
| Japan | 65,636,301 | 106,594,696 | -38.42% | 784,476,125 |
| Germany | 48,064,823 | 46,521,717 | 3.32% | 525,818,142 |
| France | 45,400,314 | 50,478,921 | -10.06% | 416,922,447 |
| Italy | 40,362,027 | 37,072,257 | 8.87% | 298,520,755 |
| South Korea | 39,011,388 | 69,949,422 | -44.23% | 491,211,855 |
| Other | 340,135,597 | 387,008,967 | -12.11% | 3,605,923,045 |
| Total | 1,567,237,885 | 2,078,500,902 | -24.60% | 16,537,914,788 |
Source: Vietnam Exports Tracker