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Vietnamese footwear exports keep on growing – with the US as chief destination
July 21, 2014
Vietnam’s exports of footwear to the United States are showing a healthy growth this year, according to the country’s General Department of Customs. The figures, released for the period of January through May of 2014, showed a total export value of USD 3.9 billion, representing a robust 21.2% growth in exports and sales abroad compared with the same period last year.
America remains a key destination for Vietnam’s shoes. It was the country’s main footwear export market during the first five months of 2014, with a turnover of USD 1.25 billion, accounting for 32% of total exports.
In May alone, Vietnam exported USD 943 million worth of footwear to the US – a growth of 9.5% compared with May 2013. Sales to the US also experienced an uptick, growing 6.1% in May compared with April, and 5.6%, compared with the same month last year.
The figures underscore the growing importance of the Vietnam footwear industry as a supplier to the US market.
Vietnam’s other major export markets during the January-May 2014 period included Belgium, where a total of USD 275.4 million in exports is up by 37.6% over the same period last year; the United Kingdom, with USD 212.1 million, up by 0.7%; Japan, with USD 212.1 million, up by 38.2%; and Germany, with USD 209 million, up by 34.8%.
A few other destinations were noteworthy for registering rapid growths in footwear imports from Vietnam. Footwear exports to the UAE increased by 58%, to Poland by 71.5%, to Israel by 80.6%, to Chile by 83.4%, and to Finland by a whopping 152%.