Vietnam Shoe Parts HS6406 Export Data 2025 May Overview

Vietnam Shoe Parts (HS 6406) 2025 May Export: Key Takeaways

Vietnam’s Shoe Parts (HS Code 6406) Export in May 2025 reveals a market dominated by domestic demand, with Vietnam itself absorbing 80.84% of shipments—primarily bulk-grade parts for local assembly. High buyer concentration poses supply chain risks, while specialized exports to the US and EU signal premium opportunities. This analysis, covering May 2025, is based on cleanly processed Customs data from the yTrade database.

Vietnam Shoe Parts (HS 6406) 2025 May Export Background

Vietnam Shoe Parts (HS Code 6406), which includes uppers, outer soles, and other components, are critical for global footwear manufacturing, ensuring stable demand from brands and factories worldwide. As of May 2025, Vietnam’s exports face new compliance challenges, with the U.S. and EU tightening supply chain traceability rules and tariffs up to 40% for suspected transshipments [Dacotex]. Despite this, Vietnam remains a key supplier, benefiting from trade agreements like the EVFTA, which offers tariff advantages for verified exports.

Vietnam Shoe Parts (HS 6406) 2025 May Export: Trend Summary

Key Observations

In May 2025, Vietnam's export value for Shoe Parts under HS Code 6406 reached $346.99 million, marking a notable 10.3% increase from April's $314.58 million. This rebound suggests resilient demand despite broader trade uncertainties, positioning the Vietnam Shoe Parts HS Code 6406 Export 2025 May period as a recovery phase after a slight dip in the previous month.

Price and Volume Dynamics

The sequential rise from April to May aligns with typical footwear industry cycles, where Q2 often sees stock replenishment for summer and back-to-school seasons. Although volume data is unavailable, the value trend—peaking in March at $348.10M before the April decline and May recovery—indicates strong production momentum. This pattern reflects manufacturers accelerating output to meet seasonal orders, underscoring the sector's adaptability to demand fluctuations.

External Context and Outlook

External factors, such as new U.S. tariffs and EU compliance rules, likely influenced this trend. [Dacotex] reports a 20% U.S. tariff on Vietnamese goods effective mid-2025, which may have prompted expedited shipments to avoid higher costs. Additionally, supply chain traceability requirements (WTO Center) add complexity, but Vietnam's export resilience hints at effective navigation of these challenges, with sustained demand from key markets like the U.S. and EU supporting outlook stability.

Vietnam Shoe Parts (HS 6406) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

In May 2025, Vietnam's export of shoe parts under HS Code 6406 was highly concentrated, with the sub-code 64069059 for miscellaneous footwear parts dominating at 32.61 percent of the total export value. This product category represents bulk, standardized components with an average unit price of approximately 1.24 USD per unit, based on value and quantity data since weight metrics are unavailable. Extreme price anomalies are present and isolated from the main analysis, notably HS 64061010 for uppers and parts with a unit price around 17.48 USD per unit, indicating specialized high-value items.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous sub-codes fall into two primary categories based on value-add stage. First, outer soles and heels (e.g., HS 64062010 and 64062020) form a mid-tier group with unit prices ranging from 1.26 to 1.60 USD per unit, representing semi-finished components. Second, miscellaneous parts (e.g., HS 64069059, 64069099, and 64069051) are lower-value, bulk commodities with unit prices as low as 0.63 USD per unit, suggesting a trade in fungible goods rather than differentiated manufactured products. This structure highlights a mix of basic and intermediate value stages in Vietnam Shoe Parts HS Code 6406 Export.

Strategic Implication and Pricing Power

For market players, the bulk nature of most exports implies limited pricing power and high competition, necessitating cost efficiency. However, specialized items like uppers offer higher margin opportunities. Strategically, focus should be on markets with favorable tariff conditions, such as the EU and UK where 0% tariffs apply under trade agreements like EVFTA, provided origin documentation is secure [Dacotex]. For the U.S., potential tariff increases could impact competitiveness, emphasizing the need for supply chain transparency to avoid penalties (Dacotex). This aligns with the 2025 May export dynamics, where diversification into higher-value segments could enhance resilience.

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Vietnam Shoe Parts (HS 6406) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

In May 2025, Vietnam's Shoe Parts HS Code 6406 Export were heavily concentrated, with Vietnam itself as the dominant importer, accounting for 80.84% of the export value. The value share is lower than the quantity share (87.77%), indicating a lower price per unit, which points to basic, bulk-grade parts commonly used in domestic assembly or processing.

Partner Countries Clusters and Underlying Causes

The importers fall into three clusters: first, Vietnam itself, with high volume and lower value, likely due to local consumption or re-export needs. Second, Indonesia, Cambodia, and China Mainland, with moderate volume and balanced value-to-quantity ratios, suggesting standard parts for regional footwear manufacturing. Third, Germany, Italy, Japan, and the United States, with low volume but higher value per unit, indicating specialized, high-quality parts for premium markets.

Forward Strategy and Supply Chain Implications

For supply chains, focus on streamlining domestic processing for cost efficiency and enhancing quality for high-value exports to markets like the US and EU. Compliance with origin rules is critical, as new US tariff policies [UST] and EU trade agreements [Customs] require proper documentation to avoid duties and maintain market access.

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Vietnam Shoe Parts (HS 6406) 2025 May Export: Action Plan for Shoe Parts Market Expansion

Strategic Supply Chain Overview

The Vietnam Shoe Parts Export 2025 May under HS Code 6406 reveals a market driven by two key price factors. Bulk, standardized parts dominate, with pricing set by volume and competition. Specialized high-value items like uppers command premiums due to technology and specifications. Supply chains center on Vietnam’s role as a processing and assembly hub, with 80% of exports staying domestic for further manufacturing. This creates reliance on cost efficiency and compliance with origin rules for tariff-free access to key markets like the EU and US.

Action Plan: Data-Driven Steps for Shoe Parts Market Execution

• Segment buyers by order value and frequency. Focus sales efforts on high-value, high-frequency clients to secure stable revenue, while targeting infrequent high-value buyers for large orders. This maximizes profitability and reduces customer concentration risk.
• Analyze HS Code 6406 sub-categories for product mix optimization. Shift production toward higher-margin specialized items like uppers (HS 64061010) and away from ultra-low-cost bulk parts. This increases average unit revenue and diversifies offer.
• Map export flows to tariff-friendly destinations. Prioritize markets with 0% duties under agreements like EVFTA (e.g., EU, UK) and ensure strict origin documentation. This avoids cost penalties and protects competitiveness.
• Use transaction data to forecast domestic and international demand cycles. Align inventory and production schedules with order patterns from key partners like Indonesia or the US. This prevents overstock and reduces lead times.

Take Action Now —— Explore Vietnam Shoe Parts Export Data

Frequently Asked Questions

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

The 10.3% month-on-month export value rebound to $346.99 million reflects seasonal demand for footwear production, with accelerated shipments likely to preempt U.S. tariff hikes.

Q2. Who are the main partner countries in this Vietnam Shoe Parts Export 2025 May?

Vietnam itself dominates with 80.84% of export value, followed by regional manufacturers like Indonesia and Cambodia, and premium markets like the U.S. and Germany.

Q3. Why does the unit price differ across Vietnam Shoe Parts Export 2025 May partner countries?

Bulk-grade parts (e.g., HS 64069059 at 1.24 USD/unit) dominate domestic trade, while specialized items like uppers (HS 64061010 at 17.48 USD/unit) target high-value markets.

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

Prioritize high-frequency, high-value buyers (55.65% of trade) while diversifying into premium markets to mitigate over-reliance on bulk domestic demand.

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

Buyers in the U.S. and EU gain access to specialized parts, but bulk purchasers in Vietnam face competition for standardized components.

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

Most exports are bulk, low-value parts for domestic assembly or regional manufacturing, with a minority serving high-end footwear production.