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Dongguan footwear exports stumble in Q1
30 Apr '08
1 min read
According to Huangpu Customs, Dongguan exported nearly 160 million pairs of footwear in the first quarter of this year, representing a decline of 8.5 percent from the same period of 2007.
The statistics disclose that, exports of shoes with rubber or plastic sole were 0.70 million , a downfall of 12.2 percent and leather footwear also witnessed a decrease of 10.9 percent with total number reaching 0.40 million pairs.
United States has always been a major market for Dongguan footwear industry. But due to recent upheavel in the US economy, and subprime credit crisis, there has been a decline in demand from the local consumers, which affected Dongguan's exports negatively.
In Q1 this year, Dongguan exported nearly 110 million pairs to US, showcasing a decrease of 3.9 percent, accounting for 67.7 percent of total export from the region over the same period of 2007.
The statistics disclose that, exports of shoes with rubber or plastic sole were 0.70 million , a downfall of 12.2 percent and leather footwear also witnessed a decrease of 10.9 percent with total number reaching 0.40 million pairs.
United States has always been a major market for Dongguan footwear industry. But due to recent upheavel in the US economy, and subprime credit crisis, there has been a decline in demand from the local consumers, which affected Dongguan's exports negatively.
In Q1 this year, Dongguan exported nearly 110 million pairs to US, showcasing a decrease of 3.9 percent, accounting for 67.7 percent of total export from the region over the same period of 2007.
Fibre2fashion News Desk - China
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