2025 Vietnam Footwear Parts (HS 6406) Export: Surge & Shift

Key Takeaways

Footwear Parts, classified under HS Code 6406 (Parts of footwear (uppers, outer soles, etc.)), exhibited high volatility from January to October 2025.

• Market Pulse: Export values surged 29% over ten months, peaking in March ($348.10M) before a June correction ($271.97M), then recovering to $336.45M by October—driven by Vietnam’s 2025 customs reforms.
• Structural Shift: Vietnam Footwear Parts Export flows are hyper-concentrated domestically (78.97% of value), signaling re-importation risks, while external buyers (e.g., Germany, South Korea) demand premium, high-margin components.
• Product Logic: HS Code 6406 trade data reveals a bifurcated value chain, with commodity-grade bulk parts (e.g., 64069059 at 33% share) coexisting with high-value niches like uppers ($21/unit).

This overview covers the period from January to October 2025 and is based on verified customs data from the yTrade database.

Vietnam Footwear Parts (HS Code 6406) Key Metrics Trend

Market Trend Summary

Analyzing the trends in Vietnam's Footwear Parts Export from January to October 2025 reveals a volatile yet upward-trending trajectory. The year opened at $260.47 million, climbing erratically to a peak of $348.10 million in March before a sharp June correction to $271.97 million; the market then recovered, closing October at $336.45 million for a net gain of 29% over the ten-month span.

Drivers & Industry Context

This volatility in the value derived from HS Code 6406 is largely attributed to supply chain adjustments ahead of Vietnam’s 2025 customs reforms [Vietnam Briefing]. The March surge likely reflects exporters front-loading shipments before new declaration rules took effect, while the June slump coincides with the implementation phase, causing temporary disruptions. The subsequent recovery indicates the sector's rapid adaptation to streamlined procedures and clarified duty exemptions for certain components (Vietnam Briefing).

Table: Vietnam Footwear Parts Export Trend (Source: yTrade)

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Vietnam HS Code 6406 Export Breakdown

Market Composition & Top Categories

According to yTrade data, the Vietnam HS Code 6406 Export market is dominated by miscellaneous footwear parts, specifically sub-code 64069059, which accounts for nearly 33% of the total export value. Other significant categories include outer soles and heels, making up around 20% of value, and uppers at 13%. The remaining exports consist of various other parts with minimal individual shares, reflecting a fragmented but focused supply chain.

Value Chain & Strategic Insights

Unit prices for Vietnam's footwear parts exports range sharply from $0.65 to over $21 per unit, indicating a market with both low-value commodity segments and high-value specialized components like uppers. This HS Code 6406 breakdown reveals a specialized trade structure where price is driven by product complexity rather than volume alone. Suppliers should prioritize higher-margin niches to capitalize on this diversification.

Table: Vietnam HS Code 6406) Export Breakdown Details (Source: yTrade)

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Vietnam Footwear Parts Destination Countries

Geographic Concentration & Market Risk

From January to October 2025, Vietnam's Footwear Parts exports show extreme geographic concentration, with Vietnam itself as the dominant destination, capturing 78.97% of export value. This self-referential flow indicates re-importation or domestic logistics, likely driven by round-tripping for tax benefits or quality returns from overseas, rather than genuine external demand. Such reliance on internal movements heightens market risk if supply chain disruptions or policy changes occur.

Purchasing Behavior & Demand Segmentation

Analysis of trade partners for Footwear Parts reveals that internal Vietnamese flows exhibit nearly equal value and quantity ratios, suggesting commodity-like bulk processing for inventory or returns. In contrast, external markets like Germany and South Korea display value ratios vastly exceeding quantity ratios, indicating premium, quality-conscious demand for high-value specifications. This bifurcation offers volume scale from domestic operations but clear margin potential from external premium buyers.

Table: Vietnam Footwear Parts (HS Code 6406) Top Destination Countries (Source: yTrade)

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Vietnam Footwear Parts Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, Vietnam Footwear Parts buyers are overwhelmingly dominated by a core group of long-term, high-volume partners. This cluster accounts for 72.55% of the total export value, indicating a market built on stable, contract-based supply chains with major manufacturers and distributors. This structure suggests deep integration into global production networks rather than spot-market trading.

Purchasing Behavior & Sales Strategy

The heavy reliance on a few key accounts creates significant concentration risk; losing one major buyer could severely impact revenue. A sales strategy should therefore focus on strengthening relationships with these high-volume repeaters through supply chain integration and value-added services. For the remaining fragmented, lower-value segments, a targeted digital approach can help capture opportunistic HS Code 6406 buyer trends from smaller, transactional players.

Table: Vietnam Footwear Parts (HS Code 6406) Top Buyers List (Source: yTrade)

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Action Plan for Footwear Parts Market Operation and Expansion

• Diversify buyer base: Mitigate concentration risk (72.55% of exports rely on a few buyers) by targeting transactional buyers in fragmented segments via digital channels.
• Shift focus to premium exports: Capitalize on external markets’ high-value demand (e.g., Germany, South Korea) by prioritizing uppers and specialized components over bulk commodities.
• Audit domestic flows: Investigate Vietnam’s 78.97% self-referential trade for tax inefficiencies or quality returns that may distort true export performance.
• Renegotiate contracts: Lock in terms with high-volume repeat buyers now, as customs reforms may trigger further volatility in 2026.
• Monitor policy updates: Track Vietnam’s duty exemption clarifications for HS Code 6406 components to avoid compliance gaps during supply chain adjustments.

Take Action Now —— Explore Vietnam Footwear Parts HS Code 6406 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Vietnam Footwear Parts Export in 2025?

The volatility in Vietnam's Footwear Parts exports is driven by supply chain adjustments ahead of 2025 customs reforms, including front-loading shipments before new declaration rules took effect and temporary disruptions during implementation.

Q2. Who are the main destination countries of Vietnam Footwear Parts (HS Code 6406) in 2025?

Vietnam itself is the dominant destination, capturing 78.97% of export value, followed by Germany and South Korea as key external markets.

Q3. Why does the unit price differ across destination countries of Vietnam Footwear Parts Export in 2025?

Unit prices vary sharply due to product complexity—bulk commodity flows dominate domestic trade, while external markets like Germany and South Korea demand high-value, premium components.

Q4. What should exporters in Vietnam focus on in the current Footwear Parts export market?

Exporters should prioritize strengthening relationships with high-volume repeat buyers (72.55% of export value) while targeting premium niches in external markets for higher margins.

Q5. What does this Vietnam Footwear Parts export pattern mean for buyers in partner countries?

Buyers in external markets benefit from specialized, high-value components, while domestic buyers rely on bulk commodity flows, creating a bifurcated supply chain.

Q6. How is Footwear Parts typically used in this trade flow?

Footwear parts are primarily used for re-importation or domestic logistics (e.g., round-tripping for tax benefits) and as specialized components in global manufacturing networks.

Detailed Monthly and Quarterly Report

Vietnam HS Code 6406 Export Data Snapshot 2025 JAN

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