The export turnover of Vietnamese footwear products declined in the first eight months. (Photo: cafef.vn) Hanoi (VNS/VNA) - The exportturnover of Vietnamese footwear products has sharply decreased, accordingto data from the General Department of Vietnam Customs.
The department said this month it was estimated at 1.305 billion USD, 17.29 percentlower than in August last year. In the first eight months of the year, exportturnover for footwear of all kinds reached 10.8 billion USD, 9.46 percentless than in the same period last year.
According to the department, the two largest markets for localfootwear products, the US and the EU, have placed fewer orders.
As the leading market, demand from the US has decreased compared to theprevious year. Export turnover of footwear of all kinds from Vietnam to the USin July topped 496.14 million USD, up 13.41 percent compared to July 2019but total exports of the products to the market reached 3.43 billion USD in thefirst seven months, down 8.58 percent from the same period last year,accounting for 36.1 percent of the total export turnover of footwear products.
As the second-largest footwear export market, export turnover to the EU reached303.25 million USD in July and 2.213 billion USD in the first sevenmonths, the latter marking a decrease of 32.54 percent from the same period in2019.
In the EU, the two markets with export turnover of more than 500 million USD inBelgium and Germany also reported declines. Export turnover of footwear toBelgium reached 553.87 million USD, down 17.25 percent while exports to Germanyreached 505.35 million USD, down 10.36 percent.
With a footwear export value of more than 500 million USD, Japan’s importedturnover of local footwear products decreased by 2.05 percent to stay at 551.74million USD in the first seven months.
Exports to China, the third-largest export market of footwear products, havebeen increasing. Last month, it reached more than 198.9 million USD, up 29.39percent compared to July 2019, while exports hit 1.14 billion USD in thefirst seven months, up 18.85 percent compared to the same period last year.
Also in the EU, however, there was still some good growing markets such asTurkey with 36.07 percent, Poland with 61.51 percent and Sweden increased by9.09 percent, Switzerland with 2.35 percent and Slovakia with 1.02 percent.
Also according to the department, footwear exports of foreign-investedenterprises (FDI) reached 988.21 million USD last month, down 18.65 percentcompared to July last year. In the first seven months of this year, thefootwear export turnover of FDI enterprises reached 7.24 billion USD,accounting for nearly 70 percent of the total export turnover of this commoditygroup of the country. Compared to the first seven months of 2029, it was areduction of 8.45 percent./.
VNA
