2025 Vietnam Footwear Parts (HS 640690) Export: Resilient Growth

Key Takeaways

Footwear Parts, classified under HS Code 640690, exhibited resilient growth with mid-year volatility from January to October 2025.

• Market Pulse: Exports surged from $140.1M to $200.03M, with Q1 and Q3 posting double-digit gains (16.9% in March, 11.3% in October), despite a sharp 20.7% contraction in June.
• Structural Shift: Vietnam Footwear Parts Export is hyper-concentrated domestically (85.74% value share), indicating bonded zone processing or re-export staging, creating supply chain vulnerability.
• Product Logic: HS Code 640690 trade data reveals a bifurcated market—low-value bulk items ($0.20/unit) coexist with premium segments ($5.00/unit), urging diversification into higher-margin niches.

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 640690) Key Metrics Trend

Market Trend Summary

The Vietnam Footwear Parts Export trend from January to October 2025 shows clear expansion, climbing from $140.1M to $200.03M despite mid-year volatility. Growth was strongest in Q1 and Q3, with March and October posting double-digit gains of 16.9% and 11.3% respectively. A sharp 20.7% contraction in June briefly interrupted the upward trajectory, but exports recovered swiftly in subsequent months, indicating resilient underlying demand.

Drivers & Industry Context

The mid-year dip and recovery align closely with policy shifts, notably the July 2, 2025, US-Vietnam trade deal that cut tariffs on footwear from a proposed 46% to 20% [FreightAmigo]. This reduction likely accelerated orders from July onward, directly boosting the hs code 640690 value. The consistent growth pattern reflects Vietnam’s strategic role as a footwear manufacturing hub, supported by tariff advantages and supply chain integration under agreements like CPTPP. Seasonal inventory builds for Q4 retail demand further amplified the October surge.

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

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Vietnam HS Code 640690 Export Breakdown

Market Composition & Top Categories

According to yTrade data, Vietnam HS Code 640690 Export from January to October 2025 is dominated by a single category, which holds over 58% of the total export value. The remaining sub-codes are fragmented, with several low-volume categories contributing smaller shares, indicating a concentrated market structure. This dominance suggests a high reliance on specific footwear parts in the export mix.

Value Chain & Strategic Insights

Unit prices for HS Code 640690 breakdown range widely, from below $0.20 to over $5.00 per unit, pointing to a bifurcated trade structure with both low-value commodity items and higher-value specialized components. This mix implies a market where price sensitivity dominates for bulk parts, while quality drives premiums in niche segments. Exporters should focus on diversifying into higher-margin specialized products to mitigate commodity risks.

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Vietnam Footwear Parts Destination Countries

Geographic Concentration & Market Risk

Vietnam's Footwear Parts exports from January to October 2025 show extreme concentration, with the country itself as the top destination by an 85.74% value share. This pattern indicates these flows represent domestic logistics, likely bonded zone processing or inventory staging for re-export, rather than final consumption. Such reliance on a single, internal channel creates significant supply chain vulnerability to any local regulatory or economic shifts.

Purchasing Behavior & Demand Segmentation

The market for Vietnam Footwear Parts demonstrates price-sensitive bulk characteristics. The value ratio (85.74%) nearly matches the quantity ratio (88.03%), while the extremely high frequency (86.51%) confirms relentless, high-volume shipment activity. This profile points to industrial-scale demand for cost-effective components, driven by just-in-time manufacturing replenishment. Trade partners prioritize volume scale over margin potential, securing parts for assembly lines rather than premium products.

Table: Vietnam Footwear Parts (HS Code 640690) 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 dominated by a core group of key accounts responsible for 70.8% of total export value. These buyers combine high purchase frequency with large order sizes, indicating stable, contract-based supply chains typical of established manufacturers or branded retailers. This concentration suggests a mature export market where long-term relationships dictate most trade flows for HS Code 640690 products.

Purchasing Behavior & Sales Strategy

The heavy reliance on key accounts creates concentration risk; losing even one major buyer could significantly impact revenue. Sellers should prioritize relationship management and offer volume-based incentives to secure recurring contracts. For market expansion, targeting smaller, transactional buyers requires a digital outreach strategy, though compliance with export logistics—such as those outlined in the [FreightAmigo logistics guide]—remains critical for all buyer segments throughout the first three quarters of 2025.

Table: Vietnam Footwear Parts (HS Code 640690) Top Buyers List (Source: yTrade)

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Action Plan for Footwear Parts Market Operation and Expansion

• Diversify Buyer Base: Target smaller, transactional buyers with digital outreach to reduce reliance on key accounts (70.8% of export value).
• Leverage Tariff Shifts: Capitalize on the US-Vietnam trade deal (tariffs cut to 20%) by accelerating orders for Q4 retail demand.
• Optimize Logistics: Reduce costs for bulk shipments (88.03% quantity share) by streamlining compliance with export logistics guidelines.
• Upskill for Premium Segments: Invest in technical support and branding to capture higher-margin opportunities ($5.00/unit products).
• Monitor Policy Risks: Track local regulatory changes in Vietnam to mitigate supply chain disruptions from domestic concentration.

Take Action Now —— Explore Vietnam Footwear Parts HS Code 640690 Export Data

Frequently Asked Questions

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

Vietnam Footwear Parts exports grew from $140.1M to $200.03M in 2025, driven by tariff reductions under the US-Vietnam trade deal and seasonal demand for Q4 retail. A mid-year dip in June (-20.7%) was offset by strong recoveries in Q3 and October (+11.3%).

Q2. Who are the main destination countries of Vietnam Footwear Parts (HS Code 640690) in 2025?

Vietnam itself is the dominant destination, accounting for 85.74% of export value, indicating these are likely domestic logistics for re-export rather than final consumption.

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

Unit prices range from below $0.20 to over $5.00 due to a mix of low-value bulk components and higher-margin specialized parts, reflecting a bifurcated market structure.

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

Exporters should prioritize securing contracts with key buyers (70.8% of value) while diversifying into higher-margin specialized products to reduce reliance on commodity segments.

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

Buyers benefit from Vietnam’s cost-effective, high-volume supply chain but face concentration risks if local disruptions affect re-export logistics.

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

These parts are primarily industrial-scale components for just-in-time manufacturing, likely destined for assembly into finished footwear products.