2022
Exports
$28.2BWorld Rnk 2 / 225
Flag Rnk 3 / 21
2022
PRODUCT COMPLEXITY IN Footwear and Headwear
0.5Rnk 367 / 1025
2022
Imports
$2.77BWorld Rnk 16 / 225
Flag Rnk 15 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $28.2B in Footwear and Headwear, making it the 2nd largest exporter of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 3rd most exported product in Vietnam. The main destination of Footwear and Headwear exports from Vietnam are: United States ($11B), China ($1.86B), Germany ($1.5B), Japan ($1.26B), and Belgium ($1.23B).

The fastest growing export markets for Footwear and Headwear of Vietnam between 2021 and 2022 were United States ($3.01B), Belgium ($493M), and Germany ($453M).

Imports In 2022, Vietnam imported $2.77B in Footwear and Headwear, becoming the 16th largest importer of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 15th most imported product in Vietnam. Vietnam imports Footwear and Headwear primarily from: China ($2.2B), United States ($204M), South Korea ($94M), Chinese Taipei ($50.9M), and Singapore ($44.1M).

The fastest growing import markets in Footwear and Headwear for Vietnam between 2021 and 2022 were China ($629M), United States ($19.7M), and Indonesia ($16.6M).

COMPANIES In 2023, leading companies such as Adidas (902), Nike (828), and Michael Kors (468) were at the forefront of shipping Footwear and Headwear from Vietnam to the United States.

Latest Trends

Sep 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 and Headwear. 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)$28.2B
IMPORTS (2022)$2.77B
NET TRADE (2022)$25.4B

In 2022, Vietnam exported $28.2B in Footwear and Headwear. The main destinations of Vietnam exports on Footwear and Headwear were United States ($11B), China ($1.86B), Germany ($1.5B), Japan ($1.26B), and Belgium ($1.23B).

In 2022, Vietnam imported $2.77B in Footwear and Headwear, mainly from China ($2.2B), United States ($204M), South Korea ($94M), Chinese Taipei ($50.9M), and Singapore ($44.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear and Headwear EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$3.01B (37.6%)
Belgium$493M (67%)
Germany$453M (43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear and Headwear BY Vietnam WERE (2021 - 2022):
Russia-$108M (-63.8%)
Austria-$78.5M (-58.2%)
Saudi Arabia-$21.9M (-72%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Footwear and Headwear were:
China $83.6B
Italy $13.9B
In 2022, Vietnam's main importing competitors in Footwear and Headwear were:

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Trade Value of Footwear and Headwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $964M
TOP IMPORT POTENTIALChina+ $311M

Footwear and Headwear’s highest export potential is China. With an export gap of $964M.   Footwear and Headwear’s highest import potential is China with an import gap of $311M.

See methodology.

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