Vietnam Leather Shoes HS6403 Export Data 2025 Q2 Overview

Vietnam Leather Shoes (HS 6403) 2025 Q2 Export: Key Takeaways

Vietnam Leather Shoes Export 2025 Q2 (HS Code 6403) reveals a premium product focus, with the US dominating 41.91% of export value at higher unit prices, signaling market preference for quality. Heavy reliance on the US poses tariff risks, while high-value markets like China and Japan offer growth potential. This analysis covers 2025 Q2 and is based on cleanly processed Customs data from the yTrade database.

Vietnam Leather Shoes (HS 6403) 2025 Q2 Export Background

Vietnam's Leather Shoes (HS Code 6403), defined as footwear with rubber/plastic soles and leather uppers, are a staple in global fashion and retail, driven by durable demand from brands and consumers. The U.S.-Vietnam trade deal in July 2025 introduced a 20% tariff on these exports, shifting the landscape from earlier preferential rates [TTWTO VCCI]. Vietnam remains a key exporter for HS Code 6403 in 2025 Q2, leveraging its manufacturing strength despite rising trade costs.

Vietnam Leather Shoes (HS 6403) 2025 Q2 Export: Trend Summary

Key Observations

Vietnam Leather Shoes HS Code 6403 Export 2025 Q2 demonstrated a robust surge, with export values climbing approximately 35% quarter-over-quarter from Q1, reflecting heightened activity ahead of seasonal demand and policy changes.

Price and Volume Dynamics

The Q2 export value for Vietnam Leather Shoes reached around 2.07 billion USD, up sharply from 1.54 billion in Q1, driven by typical industry stock cycles where manufacturers ramp up shipments for summer and back-to-school seasons. This growth underscores strong momentum, though volume data is unavailable, suggesting value increases may stem from both quantity and potential price adjustments in response to market anticipations.

External Context and Outlook

The export spike aligns with the US-Vietnam trade deal imposing a 20% tariff on footwear imports effective July 9, 2025 [WTO Center VCCI], prompting exporters to accelerate Q2 shipments to avoid higher costs. Looking ahead, post-Q2 volatility is expected as tariffs take effect, potentially dampening growth but reinforcing Vietnam's strategic positioning in global leather shoe supply chains.

Vietnam Leather Shoes (HS 6403) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In Q2 2025, Vietnam's export of leather shoes under HS Code 6403 is highly concentrated, with the sub-code 64039990 dominating over 75 percent of the export value. This product, described as footwear not covering the ankle with outer soles of rubber, plastics, or composition leather and uppers of leather, has a unit price of approximately 17.54 USD per piece, indicating a focus on mass-market production. The analysis for Q2 2025 shows no extreme price anomalies in the data.

Value-Chain Structure and Grade Analysis

The export structure for Vietnam Leather Shoes HS Code 6403 Export 2025 Q2 includes two main groups: standard ankle-covering leather footwear with unit prices ranging from 25 to 36 USD per piece, and specialized types such as sports footwear or models with metal toe-caps, with prices between 19 and 38 USD per piece. This variety points to differentiated manufactured goods with clear grade distinctions, rather than fungible bulk commodities, highlighting a trade in value-added products.

Strategic Implication and Pricing Power

For exporters, the heavy reliance on lower-unit-price items limits pricing power, but shifting to higher-value segments can improve margins. The imposition of a 20% tariff on Vietnamese footwear exports to the US from July 2025, as reported by [Ballast Markets], may increase cost pressures, making it essential to prioritize premium and specialized products for sustained competitiveness in the global market.

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Vietnam Leather Shoes (HS 6403) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

For Vietnam Leather Shoes HS Code 6403 Export in 2025 Q2, the United States is the dominant market, accounting for 41.91% of export value. The value share slightly exceeds the quantity share of 40.35%, indicating a higher unit price for shoes sent to the US, which points to a focus on premium-grade products in this market.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge among partner countries. First, high-value destinations like the US, China, and Japan show value ratios above quantity ratios, likely due to consumer demand for quality leather shoes. Second, volume-focused markets such as Netherlands and Belgium have lower value per unit, probably because they serve as distribution hubs for regional re-export within Europe.

Forward Strategy and Supply Chain Implications

Heavy reliance on the US market poses risks, especially with a 20% tariff on Vietnamese footwear set for July 2025 [Ballast Markets]. Vietnam should prioritize expanding exports to other high-value markets like China and Japan to balance exposure and maintain growth.

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Vietnam Leather Shoes (HS 6403) 2025 Q2 Export: Action Plan for Leather Shoes Market Expansion

Strategic Supply Chain Overview

The Vietnam Leather Shoes Export 2025 Q2 under HS Code 6403 is driven by two core factors. Product mix determines price. High-volume, low-unit-price items dominate but limit margins. High-value specialized products offer better returns. Buyer concentration shapes stability. A few large buyers control most orders, creating revenue reliance.

This structure implies an assembly hub role. Vietnam depends on imported materials and foreign buyer contracts. Heavy US market exposure adds risk, especially with new tariffs. Supply chains must prioritize flexibility and cost control.

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

• Analyze HS Code 6403 sub-categories to identify high-margin products. Shift production toward these items to increase pricing power and offset tariff impacts.
• Use buyer order frequency data to forecast demand from key clients. Secure long-term contracts to ensure stable revenue and reduce market volatility.
• Diversify export destinations using trade flow data. Target high-value markets like Japan and China to decrease dependency on the US and spread risk.
• Monitor raw material costs and logistics fees closely. Optimize supplier contracts and shipping routes to protect margins amid rising costs.

Forward-Looking Strategy

Vietnam must upgrade its role in the leather shoes value chain. Focus on product differentiation and buyer diversification. Adapt quickly to tariff changes and market shifts. This approach will strengthen competitiveness for HS Code 6403 exports beyond 2025.

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Frequently Asked Questions

Q1. What is driving the recent changes in Vietnam Leather Shoes Export 2025 Q2?

The Q2 export value surged 35% quarter-over-quarter, driven by seasonal demand and pre-tariff stockpiling ahead of a 20% US tariff effective July 2025. The growth reflects both volume and potential price adjustments.

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

The US dominates with 41.91% of export value, followed by China and Japan as high-value markets, while the Netherlands and Belgium serve as volume-focused European distribution hubs.

Q3. Why does the unit price differ across Vietnam Leather Shoes Export 2025 Q2 partner countries?

Price differences stem from product specialization: the US receives premium-grade shoes (e.g., ankle-covering models at $25–36/piece), while European hubs prioritize mass-market types like sub-code 64039990 ($17.54/piece).

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

Exporters must prioritize relationships with high-value buyers (78.42% of revenue) while diversifying into other clusters. Shifting to premium products and reducing US reliance post-tariff is critical for margin protection.

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

US buyers face higher costs post-tariff, while bulk buyers in Europe benefit from stable, low-unit-price supply. High-value markets like Japan can leverage Vietnam’s differentiated, grade-specific offerings.

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

Vietnam’s exports under HS Code 6403 cater to mass-market and premium footwear segments, with leather shoes primarily used for consumer retail, including sports, fashion, and safety models with metal toe-caps.

Detailed Monthly Report

Vietnam HS6403 Export Snapshot 2025 APR

Vietnam HS6403 Export Snapshot 2025 MAY

Vietnam HS6403 Export Snapshot 2025 JUN