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US$ 3.99 billion earned from footwear exports in first half

Friday, 02/08/2013, 15:02 GMT+7

US$ 3.99 billion earned from footwear exports in first half

Vietnam exported US$ 3.99 billion worth of footwear products in the first half of this year, accounted for 6.49 per cent of the country’s total export turnover and increased by 13.86 per cent over the same period last year.

In June only, the country’s export of footwear export decreased by 8.44 per cent in value over the previous month but increased by 10.16 per cent over the same month of last year to $ 788.59 million.

The country’s export of footwear products to almost all markets saw decrease in June as compared to the previous month. Especially, the export to the key footwear export markets such as the U.S, Britain, Belgium, Japan, the Netherlands, China and Brazil fell by 15.02 per cent; 19.02 per cent; 9.17 per cent; 0.27 per cent; and 31.8 per cent, respectively.

 

  However, the export of those products to Poland and Portugal rose sharply by 211.78 per cent and 175.13 per cent, respectively over the previous month. 

 
In the first six months of this year, the country’s export of footwear still saw a growth of 13.86 per cent year – on – year. The U.S was still leading in the list of the country’s main footwear export markets in the first half with $ 1.27 billion, accounted for 31.91 per cent of the total and increased by 20.08 per cent over the same period of 2012. It was followed by Britain with $ 260.12 million; Belgium - $ 250.45 million; and Germany - $ 197.51 million.

 

The following is the figures on Vietnam’s footwear export markets in June and the first six months of 2013

 

Unit: US$  

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At the beginning of the second quarter of this year, the production and business activities of leather and footwear enterprises started to be busy as the export orders are increasing. The leather and footwear industry hopes to fulfill the export target of over $ 9 billion this year.        

The traditional footwear export markets of Vietnam such as the U.S; Britain; Belgium; Japan and China still have high consumption demand. Several big footwear enterprises of Vietnam have already got the exports orders up to the end of the third quarter as importers would like to take advantages from tax rates before that Vietnam will officially enjoy the General System Preference (GSP), then the import tax rates on goods imported from Vietnam to EU will be reduced from 13 – 14 per cent to 3 – 4 per cent as from January 1, 2014.
 

The import tax rates on goods imported from Vietnam to EU will be 0 per cent when the Free Trade Agreement (FTA) between Vietnam and EU takes effect. So Vietnamese footwear products will be competitive in EU market in the next time. This will be the important advantage for Vietnam to attract export orders from countries all over the world.

 

However, EU and the U.S markets have high requirements on quality and technical standards, so Vietnamese enterprises should invest in technology and raising quality to meet their demand.   

 

Besides, Vietnam’s footwear export still contains risks because of changes in the world markets and of that we depend mostly on imported materials.

 

So the Ministry of Industry and Trade encourages footwear enterprises to invest in producing materials as well as enhancing the connection between the enterprises to develop the materials supplying chains for sustainable development.

Lefaso.org.vn


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