Vietnam Leather Shoes HS6403 Export Data 2025 Q3 Overview

Vietnam Leather Shoes (HS 6403) 2025 Q3 Export: Key Takeaways

Vietnam Leather Shoes Export 2025 Q3 (HS Code 6403) is heavily reliant on the US, which dominates with 44.6% of export value, indicating a high geographic concentration risk. The consistent value-to-quantity ratio suggests mass-produced, standard-grade shoes, while new US tariffs under the July 2025 trade deal may force price adjustments or market diversification. This analysis covers 2025 Q3 and is based on cleanly processed Customs data from the yTrade database.

Vietnam Leather Shoes (HS 6403) 2025 Q3 Export Background

Vietnam's Leather Shoes (HS Code 6403), defined as footwear with rubber/plastic soles and leather uppers, serves global fashion and retail industries due to its durability and style versatility. The US-Vietnam Trade Deal, effective July 2025, imposed a 20% tariff on these exports, reshaping trade dynamics [TTWTO VCCI]. Despite this, Vietnam remains a key exporter in 2025 Q3, leveraging its skilled labor and cost-efficient production to meet steady demand. The shift underscores the strategic role of HS Code 6403 exports in Vietnam's trade growth.

Vietnam Leather Shoes (HS 6403) 2025 Q3 Export: Trend Summary

Key Observations

Export value for Vietnam Leather Shoes HS Code 6403 in 2025 Q3 declined by approximately 11% quarter-over-quarter, totaling around 1.84 billion USD compared to 2.07 billion USD in Q2, signaling a significant slowdown amid new trade barriers.

Price and Volume Dynamics

The quarterly drop aligns with typical footwear industry cycles where Q2 often sees peak demand for summer collections, but the sharp sequential decline from July (717 million USD) to September (487 million USD) exceeds normal seasonal softening. This suggests external pressures amplified the downturn, as export values fell consistently each month within Q3, contrasting with the stable growth observed in earlier 2025 months.

External Context and Outlook

The US-Vietnam Trade Deal implementation on July 9, 2025, introduced a 20% tariff on these exports [WTO Center VCCI], directly increasing costs and dampening U.S. demand, which likely drove the Q3 slump. Looking ahead, these tariff headwinds may persist, potentially forcing Vietnamese exporters to pivot to alternative markets or absorb higher expenses, though seasonal rebounds in Q4 could offer partial relief if demand cycles hold.

Vietnam Leather Shoes (HS 6403) 2025 Q3 Export: HS Code Breakdown

Product Specialization and Concentration

Vietnam Leather Shoes HS Code 6403 Export in 2025 Q3 is dominated by the sub-code for non-ankle-covering footwear with leather uppers, which holds a 73% value share and 79% quantity share. Its average price of about 18 USD per piece is lower than other sub-codes, indicating a focus on high-volume, standard products. No extreme price anomalies are present in the data.

Value-Chain Structure and Grade Analysis

The other sub-codes fall into two main groups: ankle-covering boots with prices ranging from 22 to 32 USD per piece, and specialized footwear like sports shoes and safety models with metal toe-caps, priced up to 47 USD per piece. This variety shows that Vietnam's exports are differentiated manufactured goods, not bulk commodities, with clear grades based on design and function.

Strategic Implication and Pricing Power

The new 20% tariff on Vietnamese footwear imports to the US under the US-Vietnam trade deal [WTOCenter VCCI] may pressure pricing power for exporters. To adapt, companies should prioritize higher-value products within the Vietnam Leather Shoes HS Code 6403 Export 2025 Q3 to offset cost increases and stay competitive.

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Vietnam Leather Shoes (HS 6403) 2025 Q3 Export: Market Concentration

Geographic Concentration and Dominant Role

Vietnam Leather Shoes HS Code 6403 Export 2025 Q3 was heavily concentrated in the United States, which held 44.60% of the export value and 44.06% of the quantity, making it the clear dominant market. The nearly equal value and quantity ratios suggest consistent unit pricing, pointing to mass-produced, standard-grade shoes for a large consumer base. Other top countries like the Netherlands and China followed with smaller shares, but the US dominance shapes the export landscape.

Partner Countries Clusters and Underlying Causes

The top countries form three clusters based on trade patterns. First, the North American cluster includes the US and Canada, both driven by high demand from large retail markets. Second, the European cluster with the Netherlands, UK, Belgium, Italy, and Germany shows mixed ratios, likely due to the Netherlands acting as a logistics hub and others sourcing for fashion markets. Third, the Asian cluster of China, Japan, and South Korea has China with a higher value ratio, possibly indicating some higher-value product flows or regional supply chain links.

Forward Strategy and Supply Chain Implications

Exporters should prepare for higher costs in the US market due to a 20% tariff under the new US-Vietnam Trade Deal effective July 2025 [TTWTO VCCI]. This may require price adjustments or diversifying into European and Asian markets to maintain profitability. Strengthening relationships with clusters like Europe, where ratios are stable, can help balance supply chain risks amid tariff changes.

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Vietnam Leather Shoes (HS 6403) 2025 Q3 Export: Action Plan for Leather Shoes Market Expansion

Strategic Supply Chain Overview

The Vietnam Leather Shoes Export 2025 Q3 under HS Code 6403 is driven by two core price factors. Product specification and technology define cost, with non-ankle standard models at ~18 USD and specialized boots or safety shoes reaching 47 USD. High-volume OEM contracts with dominant US buyers also set pricing, but the new 20% US tariff pressures margins. Supply chain implications confirm Vietnam’s role as an assembly hub for volume production, with high dependence on US retail demand and vulnerability to trade policy shifts.

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

• Shift export mix toward higher-value sub-codes like ankle-covering or safety shoes under HS Code 6403. Use product-level trade data to identify premium buyers and adjust production. This offsets tariff costs and improves margin resilience.
• Diversify buyer base by targeting European and Asian clusters with stable order patterns. Analyze import records to identify distributors in the Netherlands, China, or Japan. This reduces over-reliance on US buyers and spreads tariff risk.
• Renegotiate pricing with high-volume US buyers using tariff impact analysis. Share cost-breakdown data from customs records to justify adjustments. This maintains relationships while protecting profitability.
• Monitor real-time shipping data for US-bound shipments to anticipate tariff timing. Align inventory and logistics with pre-July 2025 deadlines. This avoids sudden cost spikes and ensures supply chain continuity.

Take Action Now —— Explore Vietnam Leather Shoes Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Vietnam Leather Shoes Export 2025 Q3?

The 11% quarterly decline in export value to 1.84 billion USD is primarily due to the 20% US tariff introduced in July 2025, which dampened demand from the dominant US market.

Q2. Who are the main partner countries in this Vietnam Leather Shoes Export 2025 Q3?

The US accounted for 44.6% of export value, followed by the Netherlands and China, forming the top three markets.

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

Prices vary by product grade, with non-ankle-covering footwear averaging 18 USD (73% share), while specialized safety shoes or boots reach 47 USD.

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

Exporters should prioritize higher-value products to offset tariff costs and diversify beyond the US, particularly into stable European clusters.

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

US buyers face higher costs due to tariffs, while European and Asian buyers may see stable pricing and opportunities for niche or bulk orders.

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

Most exports are mass-produced, standard-grade footwear (e.g., non-ankle-covering shoes), targeting large retail markets like the US.

Detailed Monthly Report

Vietnam HS6403 Export Snapshot 2025 JUL

Vietnam HS6403 Export Snapshot 2025 AUG

Vietnam HS6403 Export Snapshot 2025 SEP