Leather and footwear exports hit nearly 15.6 billion USD in January-September 2021

However, due to the high increase in leather and footwear exports in the first months of 2021, export turnover of leather and footwear totalled nearly 15.6 billion USD in Jan-September, up 8.3% compared to the same period last year.

In which, footwear reached 13.3 billion USD, up 9.8% year on year. Handbag exports posted 2.2 billion USD, down 3.7% year on year and down 19.4% compared to the same period of 2019. Therefore, in the first 9 months of 2021, the industrial production index of the leather and footwear industry increased by only 4.5%, while the industry's employment index decreased by 23.8%.

The Vietnam Leather, Footwear and Handbag Association forecast that export turnover of footwear and handbags would continue to decrease sharply in the last months of 2021 due to the impact of the COVID-19 pandemic./.

BTA