Footwear exports into U.S. market increase 10% in Q1
16:09 | 22/05/2020

VGP - Footwear is one of the key export products of Viet Nam to the U.S. with export turnover in the first quarter of this year reaching US$1.56 billion, an increase of 10% compared to the same period last year, according to the General Department of Viet Nam Customs.

Footwear exports into U.S. market increase 10% in Q1

However, according to the Trade Promotion Agency under the Ministry of Industry and Trade, amid the complicated developments of the Covid-19 pandemic, many Vietnamese footwear exporters said that they have not been able to close the deal for contract negotiations for the second and third quarters as footwear consumption has been declining.

Many experts forecast that after the pandemic is controlled, demand for footwear in the U.S. will highly increase. 

Therefore, from now, Vietnamese enterprises should strongly promote trade to the U.S. market.

Last year was as a successful year for Viet Nam's footwear export as it was worth US$18.3 billion, up 13 per cent year-on-year.

In 2019, the U.S. imported the largest share of Vietnamese footwear products with a value of $6.65 billion, a yearly hike of 14.2%.

With a turnover of $1.56 billion, the U.S. retained its crown as the leading consumer of footwear products from Viet Nam in the first quarter of 2020, surging 10% over the same period last year./.

 By Vien Nhu

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