2.4. Footwear and handbags Export

 In 2022, the export turnover of the whole industry reached 28.0 billion USD, up 34.8% compared to 2021. In which, footwear exports reached 23.9 billion USD, up 34.6%, accounting for 85.5% of the total export turnover of the whole industry and 6.4% of the total export turnover of the whole country. Export turnover of bags, suitcases, umbrella hats reached 4.1 billion USD, up 35.6% and accounting for 14.5% of the export turnover of the whole industry.

- Footwear: The most important footwear export market is still the United States with 9.6 billion USD, up 29.6% compared to 2021 (accounting for 40.2% of footwear exports nationwide). The second is the EU market area reached 5.8 billion USD, up 48.0% and accounting for 24.5% of footwear exports (some important markets in the EU such as Germany reached 1.3 billion USD, up 53.8%, Belgium reached 1.6 billion USD, up 45%, the Netherlands reached 1.1 billion USD, up 49.1%). Some other important markets such as: the Chinese market reached 1.7 billion USD, up 7.3% compared to 2021; Japanese market reached 1.1 billion USD, up 35.6%; the UK market reached 765 million USD, up 40.4%; the Korean market reached 651 million USD, up 29.3%; Canadian market reached 604.7 million USD, up 64.3%; Mexico market reached 411.7 million USD, up 30.7%; the Indian market reached USD 223.4 million, up 96.8% ...

Table 9: Footwear export markets, 2022

- Bags, hats, suitcases, umbrellas: 

The largest US market with export value reached 1.84 billion USD, up 38.5% over the previous year; EU market reached 914.7 million USD, up 38.1%; Japanese market reached 351.8 million USD, up 36%; Canadian market reached 191.8 million USD, up 115.2%; the Korean market reached 135.4 million USD, up 22.3%; Chinese market reached 130.9 million USD, up 6.8%,... 

- Overall assessment: 

In 2022 is considered a quite successful year in Vietnam's footwear export activities South. The export growth rate of the industry stands near the highest among export items. Footwear exports to important export markets all grew at double-digit rates (except China).

In particular, the EVFTA and UKVFTA have contributed to promoting footwear exports in the EU market and the UK market, the second most important market area of the industry. The CPTTP has boosted export growth in some American markets such as Canada and Mexico. In particular, the Indian market has shown positive signals for the footwear industry with export growth of 96.8% for footwear.