2023
Exports
$12.4BWorld Rnk 2 / 209
Flag Rnk 6 / 1173
2023
PRODUCT COMPLEXITY IN Textile Footwear
-0.97Rnk 821 / 1025
2023
Imports
$270MWorld Rnk 38 / 221
Flag Rnk 203 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $12.4B in Textile Footwear, making it the 2nd largest exporter of Textile Footwear in the world. At the same year, Textile Footwear was the 6th most exported product in Vietnam. The main destination of Textile Footwear exports from Vietnam are: United States ($3.18B), Germany ($1.1B), China ($1.07B), United Kingdom ($672M), and Japan ($524M).

The fastest growing export markets for Textile Footwear of Vietnam between 2022 and 2023 were Spain ($118M), Turkey ($79.4M), and Poland ($70.3M).

Imports In 2023, Vietnam imported $270M in Textile Footwear, becoming the 38th largest importer of Textile Footwear in the world. At the same year, Textile Footwear was the 203rd most imported product in Vietnam. Vietnam imports Textile Footwear primarily from: China ($213M), Singapore ($24M), Indonesia ($16.1M), Malaysia ($5.41M), and United States ($3.81M).

The fastest growing import markets in Textile Footwear for Vietnam between 2022 and 2023 were China ($119M), Singapore ($23.1M), and Indonesia ($6.95M).

COMPANIES In 2024, leading companies such as Michael Kors (193), Adidas (165), and Nike (149) were at the forefront of shipping Textile Footwear from Vietnam to the United States.

Latest Trends

Dec 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 Textile 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 (2023)$12.4B
IMPORTS (2023)$270M
NET TRADE (2023)$12.2B

In 2023, Vietnam exported $12.4B in Textile Footwear. The main destinations of Vietnam exports on Textile Footwear were United States ($3.18B), Germany ($1.1B), China ($1.07B), United Kingdom ($672M), and Japan ($524M).

In 2023, Vietnam imported $270M in Textile Footwear, mainly from China ($213M), Singapore ($24M), Indonesia ($16.1M), Malaysia ($5.41M), and United States ($3.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Footwear EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Spain$118M (37.9%)
Turkey$79.4M (60.9%)
Poland$70.3M (28.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Footwear BY Vietnam WERE (2022 - 2023):
United States-$2.05B (-39.2%)
South Korea-$456M (-100%)
Germany-$327M (-22.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Textile Footwear were:
China $13.9B
In 2023, Vietnam's main importing competitors in Textile Footwear were:

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Trade Value of Textile Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $425M
TOP IMPORT POTENTIALChina+ $79.1M

Textile Footwear’s highest export potential is China. With an export gap of $425M.   Textile Footwear’s highest import potential is China with an import gap of $79.1M.

See methodology.

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