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Shoe export volume drops as value rises
Jul '08
According latest Customs statistics, China exported 3.39 billion pairs of shoes during January-May 2008 period, a year-on-year decline of 3.6 percent, but export value recorded a rise of 11.5 percent at US $10.22 billion. Average export price was around $3 per pair, a gain of 15.8 percent as compared to corresponding period of 2007.

While monthly export volume showed unavoidable ups and downs, average export price rose sharply.

May exports were 690 million pairs, down 4.9 percent as against same month last year, and 7.1 percent from April. May export price stood at around $3.2 per pair, up 22.8 percent at year-on-year level.

Exports of, both, general and processing trade declined. From January to May, China's shoes export of general trade was 2.44 billion pairs, year-on-year drop of 5.3 percent, accounting for 71.8 percent of country's total shoes export volume. Export of processing trade was 640 million pairs, dip of 6.1 percent, accounting for 18.9 percent share.

More than half of the exports were from private enterprises; foreign-invested enterprises achieved a small export growth. China's shoes exports from private enterprises were 1.74 billion pairs during the first five months of this year, plunge of 1.8 percent, accounting for 51.2 percent total shoes exports over the same period.

Foreign-invested enterprises exported 860 million pairs, growth of 2.7 percent as compared to same period last year, accounting for 25.4 percent share. State-owned enterprises exported 600 million pairs, sliding 10.8 percent and accounting for 17.8 percent share.

While, footwear exports to the US market declined, that to the EU marked significant increase.

China's exports to the US reached 880 million pairs from January to May 2008, down 4.5 percent over the same period last year, and accounting for 26 percent of China's total shoes exports. On the other hand, exports to the EU registered 640 million pairs, up 6.8 percent, accounting for 18.9 percent share.

Meanwhile, exports to Japan, ASEAN, Russia and Hong Kong achieved an average volume of more than 100 million pairs.

Exports of plastic shoes, rubber shoes, and leather upper shoes recorded larger declines.

Fibre2fashion News Desk - China

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