Slow start to the financial year in Pakistan
25/09/2009
The value of Pakistan's leather sector exports fell by 5.3% during the month of August compared to the previous month. Across the leather sector, exports brought in $73.3 million during August, down from $77.4 million in July 2009.
Compared to the value of exports in August 2008, the drop was 20.8%, according to data released by Federal Bureau of Statistics, Government of Pakistan on September 24.
The breakdown showed that country exported finished and semi-finished leather worth $20.5 million, leathergoods worth $41.6 million and footwear with a value of $11.5 million, compared to $22.1 million, $43.2 million and $12 million respectively in July.
Pakistan total leather sector exports during the first two months of the current financial year (July and August) are down by 25.3% compared to the same period last year.
Over the two-month period, the country exported 2.8 million square-metres of finished and semi-finished leather, with a value of $42.6 million compared to 3.9 million square-metres, worth $ 62.7 million over the first two months of last financial year.
The value of leathergoods exports was $84.9 million (including leather garments worth $72 million). This represents a drop of 24.3% compared to July and August 2008. The country also exported 2.4 million pairs of shoes worth $23.5 million (of which $21.6 million came from leather shoes. The volume of footwear exports for the same period in 2008 was lower, at 1.9 million pairs. But the value last year was 13.6% higher.
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