Local News

  • Export of footwear to all leading markets decreased sharply by 20.91% in January
  • [Tuesday, 3-3-2020]
  • According to the General Department of Customs, Vietnam's footwear export in the first month of 2020 reached US$1.4 billion, down 21.02% compared to December 2019 and down 20.91% compared to January of 2019.   USA was leading the list of Vietnam’s footwear export markets in January 2020 with the turnover of US$507 million, accounting for 36.2% of the total turnover, down 26% from the previous month and down 18.11 % compared to the same month in 2019.   The China market ranked second with 144 million USD, accounting for 10.3% of total turnover, down 1.73% compared to the previous month and plummeting by 22.76% over the same month in 2019.   Japan ranked third with over 92 million USD, down 0.6% from the previous month and down 26.66% compared to the same month in 2019, accounting for 6.6% of the total turnover; Germany with 78 million USD, down 24.29% over the previous month and down 14.77% compared to the same month in 2019, accounting for 5.6% of the total turnover; Belgium with more than 74 million USD, accounting for 5.4% of the total turnover, down 31.57% over the previous month and down 26.4% compared to the same month in 2019; The Netherlands is the last with more than 57 million USD, accounting for 4.1% of the total turnover, down 22.15% compared to the previous month and down 14.35% compared to the same month in 2019. In January 2020, Vietnam's footwear exports to almost all markets saw sharp decrease in turnover compared to January of 2019, largely because the corona virus outbreak in China caused orders to decline, especially the exports to Denmark reached US$1.6 million, a sharp decline of 52.46% over the same period in 2019, followed by Slovakia with over 6,8 million USD, down 52.35% over the same period in 2019; Finland with over $1 million, down 50.7% over the same period in 2019; Malaysia with over $3.4 million, down 48.81 % over the same period in 2019; Panama with $7.6 million, down 47.61% compared to the same period in 2019. Most of Vietnam's footwear exports to markets in January 2020 dropped sharply, largely because the corona virus outbreak in China caused orders to decline. In contrast, there were several export markets that have increased sharply compared to January of 2019: to Turkey reached US$4.3 million, up 225, 99% over the same period in 2019; India ranked second with over 20 million USD, up 47.41% over the same period in 2019; followed by Poland with more than US$ 3.8 million, up 44.72% over the same period in 2019, followed by Switzerland with over US$4.5 million, up 18.78% over the same period in 2019. The domestic leather and footwear industry was in good shape to reach its goals this year, according to Phan Thị Thanh Xuân, vice chairwoman and general secretary of the Việt Nam Leather and Footwear Association (Lefaso).   The industry’s footwear and bag export value was forecast to reach US$24 billion this year, gaining 10 per cent compared to 2019.   Xuân said this year, the US-China trade war as well as trade conflicts between the US and other trade partners such as Europe and India would likely decrease, while the global economy would gradually recover.   Besides that, orders for footwear and bag would continue shifting from China to Việt Nam to take advantage of preferential tariffs from free trade agreements, she said. Foreign direct investment (FDI) enterprises would continue to expand production, helping the footwear industry maintain export growth.   According experts, the domestic leather and footwear industry had many opportunities to expand into new export markets. However, businesses needed to target value-added products and high-end brands for higher profits.   In addition to opportunities, free trade agreements would create many challenges for domestic footwear enterprises, so they needed to renew technology, improve production capacity, develop export markets and improve competitiveness.   According to the association, the industry must develop its support industries and raw materials, and increase labour productivity. It should also encourage investment to develop footwear production in central and southern provinces.   Vietnam’s exports of footwear in January of 2020 - source: VITIC – according to the figures of the General Department of Customs - Unit: USD  

    Market December of 2019 Vs. December of 2019 (%) January of 2020 Vs. January of 2019 (%)
    Total 1,773,380,508 -21.02 1,400,607,751 -20.91
    Argentina 6,038,530 -8,62 5,517,767 -21.47
    India 11,320,911 79.17 20,283,694 47.41
    England 46,093,724 5.81 48,770,610 -21.37
    Austria 1,699,190 5.70 1,796,116 -27.50
    Poland 5,887,363 -34.23 3,872,061 44.72
    Belgium 109,603,572 -31.57 74,996,873 -26.40
    Portugal 892,502 -39.15 543,082 3.81
    Brazil 19,834,799 -31.45 13,596,769 -16.95
    UAE 18,414,042 -47.17 9,728,783 -13.69
    Canada 38,517,042 -27.67 27,858,730 -15.32
    Chile 11,558,139 -23.57 8,833,840 -12.45
    Taiwan 12,583,039 -47.63 6,590,022 -43.33
    Denmark 2,784,919 -39.12 1,695,539 -52.46
    Germany 103,451,472 -24.29 78,324,613 -14.77
    Netherlands 74,397,248 -22.15 57,915,284 -14.35
    South Korea 57,569,632 -19.58 46,297,840 -25.42
    USA 685,675,283 -26.00 507,399,808 -18.11
    Hong Kong 17,110,711 -40.68 10,149,419 -37.58
    Hungary 525,491 -90.32 50,851 -47.18
    Greek 1,927,177 -25.23 1,441,025 -11.24
    Indonesia 9,068,570 -54,79 4,100,075 -31.73
    Italia 34,211,426 -12.14 30,057,018 -10.03
    Isarael 5,599,673 -44.90 3,085,429 -23.82
    Malaysia 6,368,921 -45,92 3,444,224 -48.81
    Mexico 21,358,400 9.59 23,406,061 -25.55
    Norway 1,696,300 81.66 3,081,572 4.43
    South Africa 7,954,829 -23.55 6,081,414 -36.76
    New Zealand 4.178.384 -38.89 2,553,295 -33.46
    Russia 15,527,218 -39.07 9,460,871 -20.72
    Japan 92,943,697 -0.60 92,381,646 -26.66
    Australia 23,613,676 -22.50 18,300,960 -28.24
    Panama 10,491,615 -27.14 7,644,429 -47.61
    Finland 2,151,081 -51,92 1,034,287 -50.70
    France 44,327,253 -16.15 37,170,295 -34.49
    Philippine 6.623.183 4.27 6,906,110 -5.07
    Czech 15,645,453 -71,20 4,505,547 -36.48
    Singapore 7,839,138 -41.40 4,593,654 -26.85
    Slovakia 13,210,103 -48.24 6,837,373 -52.35
    Spain 21,071,972 -17.36 17,413,271 -33.77
    Thailand 7,017,555 -14.90 5,972,122 -7.89
    Turkey 3,898,699 11.08 4,330,626 225.99
    Switzerland 8,641,384 -35.00 5,617,280 -32.26
    Switzerland 4,595,006 -0.80 4,558,146 18.78
    China 147,023,355 -1,73 144,480,376 -22.76
    Ukrainian 1,334,912 -59.90 535,272 -7.59
      Source: Asemconnectvietnam.gov.vn

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    Vietnam Leather, Footwear and Handbag Association (LEFASO)

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