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March footwear exports lead recovery in Q1
15
May '09
In the first quarter of this year, Chinese footwear exports marked 1.9 billion pairs, down 2.7 percent from the same period last year, amounting to US $6.02 billion, a marginal increase of 0.9 percent with the average export price standing at $3.2 per pair, up 3.7 percent.

Exports in March rose significantly, and exceeded the monthly average level of last year. March footwear exports recorded 710 million pairs, a year-on-year increase of 11.7 percent, and a 76.3 percent growth from the previous month. .

China's footwear exports to traditional export markets, such as the European, American and Japanese, declined in varying degrees, exports to ASEAN, Africa, Latin America and other emerging markets maintained growth.

In the first quarter, China's exports to the United States registered 470 million pairs, down 13.4 percent; exports to the EU marked 360 million pairs, down 12.2 percent; exports to Japan fetched 130 million pairs, down 0.9 percent; these three markets together accounted for 50.5 percent of China's total shoes exports.

Over the same period, China's exports to Africa, ASEAN, Latin America and other emerging markets maintained growth in varying degrees. Among them, exports to Africa scored 230 million pairs, an increase of 41.4 percent; exports to ASEAN completed 130 million pairs, an increase of 83.6 percent.

Exports to Latin America realized 110 million pairs, an increase of 2.3 percent. In addition, exports to Hong Kong achieved 61,630,000 pairs, down 18.8 percent. Exports of rubber and plastic fabric footwear grew faster, while exports of leather shoes and fabric shoes declined.

Fibre2fashion News Desk - China

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