Vietnam’s footwear exports decreased by 2.11 percent in December compared to November, reaching US$2.11 billion, according to data from Vietnam’s General Department of Customs.
Vietnam’s footwear exports total US$22.87 billion for 2024, reflecting strong demand despite the month-on-month decline.
The decrease in exports was driven by a reduction in shipments to China, which saw a 16.46 percent decline, amounting to US$157.22 million. Exports to Taiwan, Belgium, and Turkey also showed a decline, dropping by 38.89 percent, 6.18 percent, and 26.33 percent, respectively.
However, some markets showed positive growth. Exports to Japan, the USA, Argentina, and the UAE grew by 20.68 percent, 0.62 percent, 26.24 percent, and 54.50 percent, respectively.
See also: Footwear Manufacturing in Vietnam
Vietnam footwear exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 2,112,916,629 | 2,158,541,164 | -2.11% | 22,871,532,027 |
Other | 193,011,317 | 223,825,366 | -13.77% | 2,139,879,327 |
USA | 709,784,130 | 714,220,718 | -0.62% | 8,284,399,219 |
Netherlands | 158,110,627 | 157,578,085 | 0.34% | 1,669,895,693 |
China | 157,220,862 | 188,188,502 | -16.46% | 1,911,279,266 |
Belgium | 131,131,123 | 139,772,722 | -6.18% | 1,322,362,477 |
Japan | 118,541,031 | 98,224,265 | 20.68% | 1,087,929,436 |
UK | 92,979,365 | 84,894,768 | 9.52% | 995,399,286 |
Germany | 87,056,653 | 78,299,264 | 11.18% | 767,574,139 |
South Korea | 66,529,935 | 65,484,450 | 1.60% | 660,375,117 |
Mexico | 57,080,719 | 59,464,363 | -4.01% | 538,886,256 |
Italy | 51,202,224 | 53,937,141 | -5.07% | 461,302,963 |
Canada | 51,121,920 | 55,707,754 | -8.23% | 542,673,884 |
France | 49,100,128 | 48,420,152 | 1.40% | 566,663,810 |
Spain | 47,561,295 | 47,677,097 | -0.24% | 517,062,081 |
Australia | 41,361,787 | 41,073,160 | 0.70% | 411,734,339 |
UAE | 26,266,020 | 17,000,586 | 54.50% | 220,415,864 |
Brazil | 16,527,811 | 14,928,100 | 10.72% | 181,058,625 |
Argentina | 15,087,184 | 11,951,659 | 26.24% | 105,312,676 |
Turkey | 15,041,419 | 20,417,442 | -26.33% | 176,503,688 |
Taiwan | 14,659,553 | 23,988,369 | -38.89% | 192,500,664 |
Panama | 13,541,526 | 13,487,201 | 0.40% | 118,323,217 |
See also: How to Start an Export Business in Vietnam.