Statistics show that our country's footwear export turnover has increased almost continuously over the years, only decreasing in 2009 (due to the impact of the financial crisis and global economic recession) and 2020 (due to the impact of the Covid-19 pandemic), but in 2021 has increased again. Footwear export turnover in 2021 is 2,164.8 times higher than 1986.

Export turnover continues to increase

Since 1998, footwear has joined the "club" of items with export turnover of 1 billion USD or more and quickly "registered" in the group with high turnover. Footwear export turnover reached over 2 billion USD in 2003, over 5 billion USD in 2010, over 10 billion USD in 2014, over 17.7 billion USD in 2021, accounting for about 5.3% of the total turnover. export of the country.

Illustration

Vietnam's footwear has a large market, has been present in 44 major markets, in which, in 2021, there will be more than 20 markets with export value of over 100 million USD, such as the US, China, Belgium, Germany, Japan, the Netherlands, India, South Korea... In the first two months of 2022, footwear export turnover to 36/44 markets increased over the same period in 2021, in which, the US, Belgium, Germany ... are markets with good growth.

According to the newly released World Leather and Footwear Yearbook 2021, for the first time, Vietnam accounts for over 10% of the global shoe export market share with about 1.2 billion pairs of shoes in 2020, ranking second in the world in terms of volume. export leather shoes. Topping the list of footwear exporters is China, with 7.4 billion pairs of shoes exported in 2020. After Vietnam, Indonesia ranks third, followed by Germany and Turkey.

Expectations in 2022

Footwear export turnover of foreign-invested enterprises currently accounts for 78.8% of the total export turnover of the entire footwear industry. The footwear industry attracts foreign businesses thanks to the advantage of a large labor force and low labor costs compared to other countries in the region.

The leather and footwear industry accounts for only 0.4% of total enterprises, 0.8% of production and business capital, 1% of the total value of fixed assets and long-term investments, but accounts for a higher proportion of revenue. (1.6%), profit before tax (1.8%). The development of the leather and footwear industry has created many jobs for workers. Over the past time, businesses in the industry have also taken advantage of expanding to markets where Vietnam has signed a free trade agreement.

According to data from the General Department of Customs, in the first quarter of 2022, footwear export turnover reached $5.288 billion, up 10.1% over the same period in 2021. This is a high growth rate in the context of the Covid-19 pandemic. 19 is still complicated in domestic and many export markets of Vietnam.

Up to now, our country has been vaccinated against Covid-19 at a high level (in the top of the world), so export activities in general and footwear exports in particular have added support to export growth. The leather and footwear industry expects to reach the export milestone of 20 billion USD in 2022, up 12.7% compared to 2021.

To achieve this goal, according to experts, businesses in the industry need to pay attention to ensuring raw materials for production, because currently, a large amount of raw materials for the industry still have to be imported. Besides, some stages of work still have to hire high-tech foreign workers. In addition, in the first 2 months of the year, exports to a number of markets such as China, Brazil, Taiwan, Korea, Japan... decreased compared to the same period last year, it should be noted to maintain and promote export to these key markets.

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