Footwear exports: in 2016 Vietnam is on the up (+7.9%), China collapses (12%)

There is no room for discussion regarding the latest data on exports for Vietnam and China. Footwear exports from Vietnam continue to be going full steam ahead: the first 9 months of the year showed an increase of 7.9% over the same period of 2015, for a total value of $9.4 billion. The main destinations are the United States and the EU. In total, exports from Vietnam grew by 6.7% between January and September, to $128.2 billion. The net balance between imports and exports totalled $2.8 billion. The figures are the opposite for Beijing: as announced by CLIA, the main Chinese tanning industry association, in the first six months of the year, exports of shoes dropped by 12%, from a value of $24.7 billion in the first half of 2015 to $21.8 billion. 4.74 billion pairs of shoes were exported, down 5.7%. Of note, the +9.71% for India and +116% for the small country of Kyrgyzstan, while in all the major European countries (Spain and Russia excluded) the decline was in double digits.


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