In the first half of this year, Vietnam's footwear exports turnover reached US $1.747 billion, up 23.2 percent over the same period in 2005, fulfilling 52 percent of entire 2006 target of $3.4 billion.
As a result of major imports in the previous months, exports revenues from the US, Mexico and Brazil markets slowed down, causing a significant drop in turnover for the month of June.
Sharp decline was also recorded in the revenue from the EU, for June, due to anti–dumping lawsuit on leather–capped shoes.
Hence, June exports turnover touched only $359.92 million with a rise of 8.95 percent as compared to the correspondent period in 2005.
However, industrial experts opined that exporting the goods to the US and emerging market of Japan would enjoy more favorable conditions in the coming times, paving a bright prospect for hitting exporting target for 2006.
Made–in-Vietnam footwear have been marketed at many countries and territories throughout the world, of which the US, EU bloc and Japan presently are biggest importers.
During the first half 2006, the US made strongest import growth of Vietnamese footwear goods, at 38.47 percent worth $403.87 million.
Forecast reveals that exports turnover to this giant market would gain $580-600 million in 2006, a 40-45 percent higher than 2005.
Meanwhile, because of severe impact of the anti–dumping case, export to this bloc gained modest growth of 16.24 percent, worth only $220 million although this was previously biggest importer of Vietnam.
In the same trend with the US, Japanese market has been speeding up their imports of Vietnamese footwear goods, up 61.1 percent in June period 2006, much higher than estimation.
During January-June 2006, Japanese importers poured $55.9 million, buying Vietnamese footwear, posted year–on–year increase of 27.64 percent.
Moreover, Korea, Canada and Malaysia are expected to import more footwear goods from Vietnam in the time to come.
Fibre2fashion, News Desk - Vietnam
marketing@alchempro.com
