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Footwear export rises significantly in H1
Sep '08
According to General Administration of Customs, in the first half of 2008, exports of footwear products earned nearly US $13.46 billion, a significant rise of 12.5 percent, compared with the same period of 2007. Of which, general trade exports formed a leading position, nearly one-third of shipment went to the lucrative markets of US.

In the first six months of 2008, nearly 4.09 billion pairs of shoes were exported in different parts of the world, observing a decline of 4.8 percent in demand when compared to same period of 2007. From the total amount earned, China fetched around $690 million through exports of various parts of footwear, an increase of 36.7 percent.

From January to June 2008, United States was the largest market for China's footwear exporters. Shoes exports to US market generated around $4.35 billion of revenue, witnessing a slight increase of 6.8 percent, accounting for 32.3 percent of shoe export value over the same period.

Meanwhile, exports to the EU fetched around $2.58 billion, a hike of 12.4 percent, however, down 6.3 percentage points in growth rate when compared to same time 2007.

Exports to Japan brought nearly $930 million of foreign currency, a boost of 13.9 percent, up 3.9 percentage points in growth rate when compared to same period of last year.

During first half of 2008, shoe exports to Russia and Hong Kong helped nation earn approximately $740 million and $510 million, down 7.8 percent and 24.6 percent, respectively.

Fibre2fashion News Desk - China

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