EU’s share of Vietnamese shoe exports falls - footwearbiz: Leading sit

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EU’s share of Vietnamese shoe exports falls

05/09/2013
Vietnam’s footwear exports rose by almost 15% year on year in the first seven months of 2013 to reach a cumulative total of $4.75 billion.

In terms of volume, Vietnamese shoe manufacturers shipped 148.7 million pairs overseas in the first seven months of 2013, an increase of 11.9% on the same period last year.

Analysis of the figures shows that the European Union is becoming a less important market for Vietnamese footwear manufacturers, while the US is becoming more important. In 2008, the country’s exports of footwear to the EU accounted for 52% of the total. In 2012, the EU’s share of Vietnamese footwear exports fell to 36.7%. Over the same period, the US’s share of Vietnamese shoe exports increased from 22.5% of the total in 2008 to 31.3% last year.

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