2022
Exports
$27.2BWorld Rnk 2 / 225
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Footwear
-0.49Rnk 696 / 1025
2022
Imports
$2.46BWorld Rnk 16 / 225
Flag Rnk 25 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $27.2B in Footwear, making it the 2nd largest exporter of Footwear in the world. At the same year, Footwear was the 3rd most exported product in Vietnam. The main destination of Footwear exports from Vietnam are: United States ($10.4B), China ($1.84B), Germany ($1.49B), Belgium ($1.21B), and Japan ($1.19B).

The fastest growing export markets for Footwear of Vietnam between 2021 and 2022 were United States ($2.82B), Belgium ($485M), and Germany ($450M).

Imports In 2022, Vietnam imported $2.46B in Footwear, becoming the 16th largest importer of Footwear in the world. At the same year, Footwear was the 25th most imported product in Vietnam. Vietnam imports Footwear primarily from: China ($1.94B), United States ($202M), South Korea ($76.9M), Chinese Taipei ($47.9M), and Singapore ($43M).

The fastest growing import markets in Footwear for Vietnam between 2021 and 2022 were China ($546M), United States ($24M), and Indonesia ($15.7M).

COMPANIES In 2023, leading companies such as Adidas (902), Nike (777), and Michael Kors (468) were at the forefront of shipping Footwear from Vietnam to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Footwear. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2B
IMPORTS (2022)$2.46B
NET TRADE (2022)$24.8B

In 2022, Vietnam exported $27.2B in Footwear. The main destinations of Vietnam exports on Footwear were United States ($10.4B), China ($1.84B), Germany ($1.49B), Belgium ($1.21B), and Japan ($1.19B).

In 2022, Vietnam imported $2.46B in Footwear, mainly from China ($1.94B), United States ($202M), South Korea ($76.9M), Chinese Taipei ($47.9M), and Singapore ($43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$2.82B (36.9%)
Belgium$485M (66.7%)
Germany$450M (43.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear BY Vietnam WERE (2021 - 2022):
Russia-$110M (-68%)
Austria-$77.7M (-58.2%)
Saudi Arabia-$20.8M (-71%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Footwear were:
China $63.5B
Italy $13.1B
In 2022, Vietnam's main importing competitors in Footwear were:

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Trade Value of Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $943M
TOP IMPORT POTENTIALChina+ $246M

Footwear’s highest export potential is China. With an export gap of $943M.   Footwear’s highest import potential is China with an import gap of $246M.

See methodology.

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