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Footwear exports pace up in January

06
Mar '07

After becoming 150th member of World Trade Organisation, footwear exports of the country is rapidly increasing.

In January 2007, footwear exports stood at US $379.52 million, a year-on-year increase of 21.86 percent. However, exports compared to previous month declined by 1.8 percent.

During this period, US emerged as biggest importer after receiving goods worth $77.38 million followed by Germany at $43.96 million, England at $41.23 million and Netherlands at $29.32 million.

Export turnover of footwear in February is anticipated to reach $280 million, a year-on-year increase of 30.8 percent.

In February, 2007, exports of handbags, suitcases, caps and umbrellas stood at $40 million, a surge of 42.9 percent.

Experts expect that footwear sector has to face more stumbling blocks this year due to cut throat competition, shortage of raw materials for production, disgraceful design patterns and anti-dumping tariff rate of ten percent by EU.

They also urged enterprises to mainly focus on manufacturing of products with high-quality materials that can help them in increasing value and continue seeking outlets to reduce risk of market fluctuations.

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