Footwear exports revenues exceed $1 billion in Q1

Footwear continued ranking third after garment and crude oil with export revenues fetching almost $1.3 billion in the first quarter of this year.

The Ministry of Industry and Trade said that a year-on-year increase of 29.7 per cent in export revenues was attributable to rising demands as the world economy continues its recovery trend.

The European Union continued to be the biggest market for Vietnam’s footwear, buying $356 million worth of products in the first two months of the year. It was followed by the US and Japan that imported $230 million and more than $54 million, respectively, worth of Vietnam’s footwear.

Vietnam’s footwear exports to China, the Republic of Korea and other markets also rose.

At present, the nation’s footwear has been exported to 50 nations and territories in the world and ranks fourth among the world’s top ten exporters with major products being sport, leather and canvas shoes and sandals of all kinds.

The Vietnam Leather Footwear Association said Vietnam is likely to achieve export revenues target of $5.5 billion this year in the light of favourable conditions as well as the EU’s removal of anti-dumping duty on Vietnam’s leather-capped shoes on April 1. – VIR

Tags: Vietnam Footwear Exports

Posted by VBN on Apr 7 2011. Filed under Garment Textile, Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry