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Footwear exports drop in 2006

08
Mar '07
Last year, footwear exports of the country witnessed a declining trend compared to previous year.

In 2006, footwear exports stood at US $1.024 billion, a decline of 1.67 percent compared to same period 2005.

Sharp surge was seen in first couple of months last year at 16.78 percent, but positive trend failed to impact remaining months because of political crises and increasing competition from China and Vietnam.

Out of total 30 importing countries, imports by 12 of them declined rapidly.

During this period, US imported goods worth Baht10.725 billion, a decrease of 13.21 percent over 2005, including leather capped shoes at Baht7.736 billion (down 12.49 percent) and plastic shoes worth Baht1.949 billion (down 31.51 percent).

Similar trend was seen in imports of countries like Denmark, Japan, Canada, Korea, Arab Saudi and Taiwan.

Due to high demand in leather markets, exports to England, Netherlands, France and Germany registered a high growth.

Fibre2fashion.com News Desk-Vietnam


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