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Export of footwear escalates in Q1

May '08
According to Customs Statistics, in the first quarter of 2008, China exported nearly 1.96 billion pairs of shoes, witnessing a fall of 5.3 percent from the same time last year. The total footwear export account for approximately US $5.97 billion, a rise of 9.5 percent.

March exports registered 640 million pairs, an increase of 20.1 percent, fetching revenue worth $1.8 billion, up by 33.1 percent.

In Q1, shoes exports under general trade registered nearly 1.37 billion pairs, down by 7 percent, accounting for 69.9 percent of China's total shoes export volume. The exports under processing trade marked 400 million shoes, a decrease of 6.7 percent, over the same period of 2007.

During the same period, private enterprises exported almost 940 million pairs, fall of 6.2 percent, accounting for 48 percent of the entire export. The companies with foreign investments exported approximately 530 million footwear, an increase of 3.7 percent, exports by state-owned units stood for 370 million pairs, reduction of 12.5 percent.

The nation mainly exported footwear to the US, EU, Japan and other developed markets. In the first quarter, shoes exports to the United States reached 540 million pairs, down 4.9 percent, to EU it touched 410 million pairs, an increase of 12.7 percent. The exports to Japan scored 130 million pairs, an increase of 7.1 percent.

The above three markets when combined together accounted for 55.1 percent of China's total exports, upby 3.2 percentage points over the same time in 2007. In addition, export to Kyrgyzstan was nearly 34.35 million pairs a boost of 89.8 percent and to India were 34.14 million pairs, a growth of 130 percent.

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