Vietnam Leather Footwear HS640399 Export Data 2025 Q1 Overview

Vietnam Leather Footwear (HS 640399) 2025 Q1 Export: Key Takeaways

Vietnam’s Leather Footwear exports (HS Code 640399) in 2025 Q1 show high-grade products dominating the market, with demand spiking due to premium buyer interest. Buyer concentration remains a risk, with a handful of key importers driving most orders, while shipments are heavily reliant on a single regional hub. This analysis is based on cleanly processed Customs data from the yTrade database, covering 2025 Q1.

Vietnam Leather Footwear (HS 640399) 2025 Q1 Export Background

Vietnam’s Leather Footwear (HS Code 640399) covers footwear with rubber/plastic outer soles and leather uppers, a staple for global fashion and retail industries due to durable yet stylish designs. With Vietnam’s customs updates in 2025—like streamlined export declarations under Decrees 167/2025 and 182/2025 [Vietnam Briefing]—the country solidifies its role as a top exporter, targeting $80 billion in textile and footwear sales by 2025 [WTO Center]. The 2025 Q1 export outlook remains strong, driven by tariff advantages and EU demand.

Vietnam Leather Footwear (HS 640399) 2025 Q1 Export: Trend Summary

Key Observations

Vietnam's Leather Footwear exports under HS Code 640399 in Q1 2025 reached a total value of approximately 1.29 billion USD, with monthly figures of 479.02 million USD in January, 369.38 million USD in February, and 442.13 million USD in March. Volume data indicated minimal changes, suggesting that value fluctuations were the primary driver of trends during this period.

Price and Volume Dynamics

The Q1 performance showed significant month-on-month volatility, with a sharp 23% drop from January to February, followed by a 20% recovery in March. This pattern aligns with typical seasonal cycles in the footwear industry, where production and exports often dip in February due to the Lunar New Year holiday in Vietnam, causing temporary shutdowns and reduced output. The rebound in March reflects resumed operations and pre-summer stock replenishment for global markets. Year-on-year comparisons are not provided, but the sequential recovery suggests resilience in export momentum despite short-term disruptions.

External Context and Outlook

The volatility in Q1 2025 can be partly attributed to ongoing regulatory changes, including updates to Vietnam's customs procedures under Decrees 167/2025 and 182/2025, which aim to streamline export declarations but may cause temporary administrative adjustments [Vietnam Briefing]. Additionally, the U.S.–Vietnam tariff deal effective in 2025 could foster long-term growth by reducing barriers for American markets (Express Trade Capital), while HS code revisions for footwear exports require compliance efforts that might impact short-term logistics (FreightAmigo). Looking ahead, these factors, combined with Vietnam's target to boost garment and footwear exports to 80 billion USD by 2025 (WTO Center), support a positive outlook for continued export expansion, though near-term volatility may persist due to regulatory transitions.

Vietnam Leather Footwear (HS 640399) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

In Q1 2025, the Vietnam Leather Footwear HS Code 640399 Export is heavily concentrated in the sub-code 64039990, which represents footwear not covering the ankle with outer soles of rubber, plastics or composition leather and uppers of leather. This sub-code holds over 99% of the export value, quantity, and shipment frequency, with a unit price of 17.10 USD per pair, pointing to a dominant, standardized product line. An anomaly exists with sub-code 64039920, which has a much lower unit price of 4.75 USD per pair and is isolated due to its negligible market share.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes reveal a split into two quality grades: a lower-mid range represented by 64039910 at 13.33 USD per pair and a premium range shown by 64039930 at 23.21 USD per pair. This variation in unit prices indicates that the export consists of differentiated manufactured goods, not bulk commodities, with differences likely arising from factors like material quality or design complexity.

Strategic Implication and Pricing Power

The high concentration in the mid-range segment gives exporters of 64039990 strong pricing power through scale advantages. Strategic focus should center on optimizing production for this dominant category while considering entry into premium segments to capture higher margins and reduce dependency on a single product grade.

Check Detailed HS 640399 Breakdown

Vietnam Leather Footwear (HS 640399) 2025 Q1 Export: Action Plan for Leather Footwear Market Expansion

Strategic Supply Chain Overview

The Vietnam Leather Footwear Export 2025 Q1 for HS Code 640399 is driven by two key factors. Product specification defines price, with premium materials and designs achieving higher margins. Large OEM contract volumes from dominant buyers provide pricing power through scale. The supply chain operates as an assembly hub, dependent on consistent high-volume orders from a few key clients. This creates vulnerability to demand shifts from major buyers.

Action Plan: Data-Driven Steps for Leather Footwear Market Execution

• Analyze HS Code 640399 sub-component data to identify material cost drivers and negotiate better supplier contracts, which will protect margin during input price fluctuations.
• Use buyer frequency data to schedule production cycles around major client orders, preventing inventory overstock and improving cash flow management.
• Track premium segment (64039930) export patterns to identify new market opportunities, enabling diversification beyond the dominant mid-range product category.
• Monitor customs procedure updates from Vietnam Briefing to streamline documentation for high-frequency shipments, reducing delays and maintaining buyer satisfaction.
• Develop targeted marketing for low-frequency, high-value buyer segments using trade data patterns, creating new revenue streams beyond core clients.

Take Action Now —— Explore Vietnam Leather Footwear Export Data

Frequently Asked Questions

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

The Q1 2025 volatility is driven by seasonal Lunar New Year disruptions in February (23% drop) and a March rebound (20% recovery), alongside regulatory adjustments to Vietnam’s customs procedures.

Q2. Who are the main partner countries in this Vietnam Leather Footwear Export 2025 Q1?

No specific partner countries were detailed in the analysis, but the U.S. market is highlighted as a growth opportunity due to a 2025 tariff deal.

Q3. Why does the unit price differ across Vietnam Leather Footwear Export 2025 Q1 partner countries?

Price differences stem from product specialization: sub-code 64039990 (17.10 USD/pair) dominates, while premium-grade 64039930 (23.21 USD/pair) and lower-mid 64039910 (13.33 USD/pair) reflect quality tiers.

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

Exporters should prioritize high-value, high-frequency buyers (80% of trade) for stability while diversifying into premium segments (e.g., 64039930) to mitigate over-reliance on mid-range products.

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

Buyers benefit from standardized mid-range supply (64039990) but may face competition for premium-grade products, with potential supply chain efficiencies from Vietnam’s streamlined customs.

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

The exports are primarily non-ankle-covering footwear (64039990) for mass-market retail, with niche premium segments likely serving higher-end fashion or specialty markets.

Detailed Monthly Report

Vietnam HS640399 Export Snapshot 2025 JAN

Vietnam HS640399 Export Snapshot 2025 FEB

Vietnam HS640399 Export Snapshot 2025 MAR