Leather and footwear exports will reach 8 billion USD
Increasing strongly again after 4 months of decline, Vietnam's footwear exports are expected to reach 8 billion USD in 2013.
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Leather and footwear exports will reach 8 billion USD in 2013
According to the General Department of Customs, in October 2013, the Leather and Footwear industry achieved 716.7 million USD in export turnover, an increase of 30.51% compared to the previous month. Thus, after 4 consecutive months of decline (September decreased by 3.11%; August decreased by 4.17%, July decreased by 2.9%, June decreased by 8.44%), the export turnover of the Leather and Footwear industry has had an impressive recovery.
In the first 10 months of 2013, the leather and footwear industry exported over 6.699 billion USD, an increase of 15.13% over the same period.
The EU and the US are still the two main export markets of the industry, accounting for 66.3% of the proportion, reaching 4.44 billion USD. Exports to the US market alone reached over 2.14 billion USD in 10 months, accounting for 31.91% of the total turnover. In addition, the number of markets with turnover of over 200 million USD is also relatively good, such as: UK 445.85 million USD; Belgium 401.39 million USD; Germany 338.2 million USD, Japan 315.68 million USD...
In particular, in October, the industry's export turnover increased in most markets, including 12 markets with growth rates of over 100% such as: Slovakia increased by 1,211.79%, Argentina increased by 361.2%, Denmark increased by 234.5%, Turkey increased by 234.16%, China increased by 232.38%...
According to the Vietnam Leather, Footwear and Handbag Association, with a positive growth rate, optimistic signals about orders and production capacity, the industry's target of achieving an export turnover of 9.7 billion USD, of which footwear export turnover is 8 billion USD in 2013, is within reach. In addition, the industry's added value will also reach 45-55%.
According to the Government
