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Exports of footwear plunges sharply in January '09
02
Mar '09
In January 2009, exports from Vietnam's footwear sector reached US $357.60 million, a sharp drop of 24 percent y-o-y, a effect of the ongoing recession in worldwide markets that are serviced by the footwear industry.

Though off course, US tops the charts in exports amounting to $86.33 million and accounting for 24 percent of shipments, followed by UK with $36.43 million, Netherlands $30.16 million and Germany $29.71 million.

The Vietnamese footwear exporters are seeking to diversify their markets and are now focusing on Japan, to which they have preferential access, due to the economic agreement signed between the two countries last year.

In 2008, the Vietnamese footwear industry exported $4.76 billion worth of goods, a growth of 19.4 percent over that of 2007. US was the biggest market with shipments worth $1.07 billion followed by UK with $558.96 million in 2008.

Click here to view detailed country wise exports.

Fibre2fashion News Desk - Vietnam

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