2018
Exports
$846MWorld Rnk 2 / 167
Flag Rnk 83 / 1176
2022
PRODUCT COMPLEXITY IN Footwear Parts
-0.62Rnk 735 / 1025
2018
Imports
$1.43BWorld Rnk 1 / 207
Flag Rnk 40 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2018, Vietnam exported $846M in Footwear Parts, making it the 2nd largest exporter of Footwear Parts in the world. At the same year, Footwear Parts was the 83rd most exported product in Vietnam. The main destination of Footwear Parts exports from Vietnam are: Cambodia ($131M), Indonesia ($130M), China ($83.8M), Germany ($74.5M), and South Korea ($65.5M).

The fastest growing export markets for Footwear Parts of Vietnam between 2021 and 2022 were Indonesia ($46.7M), Cambodia ($35.1M), and Germany ($31M).

Imports In 2022, Vietnam imported $1.43B in Footwear Parts, becoming the 1st largest importer of Footwear Parts in the world. At the same year, Footwear Parts was the 40th most imported product in Vietnam. Vietnam imports Footwear Parts primarily from: China ($1.03B), United States ($200M), South Korea ($72.5M), Chinese Taipei ($47.1M), and Indonesia ($20.6M).

The fastest growing import markets in Footwear Parts for Vietnam between 2021 and 2022 were China ($166M), United States ($26.3M), and Indonesia ($11.9M).

COMPANIES In 2023, leading companies such as Old Navy (8), REI (Recreational Equipment Incorporated) (3), and American Eagle Outfitters (1) were at the forefront of shipping Footwear Parts from Vietnam to the United States.

Latest Trends

Oct 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 Parts. 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)$846M
IMPORTS (2022)$1.43B
NET TRADE (2022)-$584M

In 2022, Vietnam exported $846M in Footwear Parts. The main destinations of Vietnam exports on Footwear Parts were Cambodia ($131M), Indonesia ($130M), China ($83.8M), Germany ($74.5M), and South Korea ($65.5M).

In 2022, Vietnam imported $1.43B in Footwear Parts, mainly from China ($1.03B), United States ($200M), South Korea ($72.5M), Chinese Taipei ($47.1M), and Indonesia ($20.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear Parts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Indonesia$46.7M (56.3%)
Cambodia$35.1M (36.5%)
Germany$31M (71.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear Parts BY Vietnam WERE (2021 - 2022):
Morocco-$12.2M (-45.9%)
Hungary-$8.44M (-73.2%)
United Arab Emirates-$2.36M (-48.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Footwear Parts were:
China $4.26B
Italy $811M
In 2022, Vietnam's main importing competitors in Footwear Parts were:
Italy $1.24B

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Trade Value of Footwear Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $31.9M
TOP IMPORT POTENTIALItaly+ $6.48M

Footwear Parts’s highest export potential is China. With an export gap of $31.9M.   Footwear Parts’s highest import potential is Italy with an import gap of $6.48M.

See methodology.

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