Boost for Brazilian shoe exports
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The latest figures for Brazilian footwear exports has revealed that 7.6 million pairs of shoes worth $70 million (£55 million) were shipped out of the country during May. According to national industry body Abicalçados, this represents a growth of 24.7 per cent in value and 19 per cent in volume compared to the same month in 2018.
In the first five months of 2019, footwear exports from Brazil were valued at in excess of $415 million (£325.9 million), which is an increase of 3.7 per cent for the period year-on-year. The volume of shoes exported during January to May was 52 million pairs, which represented a rise of 11 per cent.
This strong performance up to May has been driven by demand from the USA, with exports to increasing by 80 per cent in value and 63.7 per cent in volume in comparison to the same period of last year. During the first five months of 2019, the USA had imported some 5.6 million pairs of Brazilian shoes, worth almost $85 million (£66.7 million).
Abicalçados executive president, Heitor Klein, remarked that the so-called trade war between China and the USA (still ongoing at the time of this magazine’s publication) is playing a big part in Brazil’s success. He highlighted that with 70 per cent of the USA's footwear imports coming from China, Brazil is in a good position to absorb any demand should the dispute between the two countries continue.
This article was originally published on page 2 of the July/August 2019 issue of SATRA Bulletin.