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Shoe exports burdened by intl trade pressures
06
Jun '08
In the first quarter of 2008, shoe export volume decreased significantly, especially due to recent upsurge in raw material and labour costs, RMB appreciation as well as adjustment in export tax rebate rates.

According to customs statistics, during the period, China exported 1.96 billion pairs of shoes, 5.3 percent less than the same period last year. Export value registered US $5.97 billion, an increase of 9.5 percent. Of this, March exports were 640 million pairs, scoring $1.8 billion, an increase of 20 and 33 percent, respectively, as against the corresponding period of 2007.

Key export destinations were the US, the EU, Japan and other developed markets. In the first quarter, China's shoe export to the US stood at 540 million pairs, down 4.9 percent, while, export to the EU marked 410 million pairs, a growth of 12.7 percent. Exports to Japan were 130 million pairs, up 7.1 percent.

Combined exports to the above three markets accounted for 55.1 percent of China's total exports, a rise of 3.2 percent from the same period of last year.

Besides, exports to Kyrgyzstan, India touched 34.35 and 34.14 million pairs, skyrocketing 89.8 and 130 percent, respectively.

Rubber and plastic shoes were the main varieties in footwear exports. In the first quarter, rubber, plastic soles and uppers shoe exports registered 1.1 billion pairs, down 12.3 percent, accounting for 56.1 percent. Average export price was within the range of US $2.3 per pair, up 25.8 percent.

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