Footwear exports earn high revenue for nation

21 May '08

2 min read

Brazilian footwear sector, one of the major foreign exchange earner for the nation, this fiscal, has started off well, as the total exports from January to April have reached nearly US $646.5 million. The figures represent a growth of almost 3.2 percent when compared to same time of 2007, according to Brazilian Footwear Industry Association (Abicalçados).

Total number of shoes shipped to various countries came around 67.4 million, showcasing a rise of 4.4 percent in comparison with the first four months of last year.

Brazilian footwear was exported to almost 120 nations including various Arab regions loke UAE, Saudi Arabia, Kuwait, Lebanon, Egypt, Morocco, Oman, Jordan, Libya, Qatar and Bahrain.

From January to April 2008, Brazil fetched nearly $10.62 million through export to Arab markets, registering an increase of 22 percent. The nation shipped 5,08,660 pairs of footwear showcasing a rise of 11.7 percent, in comparison to same period of 2007.

United States purchased nearly 20.4 million pair of shoes to become the leading consumer of Brazilian shoes. UK and Italy ordered for 4.1 million and 3.4 million pair of shoes, respectively.

However, during April this year, the country observed a decline, both in terms of volume and value compared to corresponding period in 2007. The sales touched approximately 13.1 million pairs, a reduction of 8.8 percent, valued at $126.9 million, a fall of 4.3 percent.

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