Vietnam’s footwear exports dropped in the first eight months of the year

Vietnam’s footwear exports dropped in the first eight months of the year

Vietnam's footwear exports dropped in the first eight months of the year, according to new figures.

For the month of August, export turnover was estimated at US$1.31bn, a 17.3% drop on the year prior, Vietnam Plus reported, citing figures from the General Department of Vietnam Customs. For the eight months to August, exports were down 9.5% to $10.8bn.

Meanwhile, export turnover of footwear of all kinds from Vietnam to the US in July topped $496.1m, up 13.4% compared to July 2019, but exports in the first seven months were down 8.6% to $3.43bn, accounting for 36.1% of the total export turnover of footwear products.

As the second-largest footwear export market, export turnover to the EU reached $303.25m in July and $2.21bn in the first seven months, the latter marking a decrease of 32.5% from the same period in 2019.

Meanwhile, exports to China, the third-largest export market of footwear products, were up 29.4% in July to over $198.9m, while in the first seven months exports hit $1.14bn, up 18.9%.