Fall in Mexico’s footwear exports in Q1 - footwearbiz: Leading site fo

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Fall in Mexico’s footwear exports in Q1

20/05/2014
Mexico has registered a year-on-year decline in the value of footwear exports in the first quarter of 2014; its first quarterly fall in footwear exports in five years, according to official statistics from state bank, the Bank of Mexico.

The country’s footwear exports over the three-month period had a value of $127 million in 2014, compared to $136 million in the same period in 2013. A fall in the value of exports to the US accounted for almost the whole of this decline, although the US is still, by far, the most important overseas market for the footwear industry in Mexico.

In the first quarter of 2013, Mexican footwear manufacturers brought in $93 million from exports to the US. In the same quarter this year, the total as $5 million lower at $88 million.



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