Brazil’s footwear exports to the US continue to fall
18/09/2017
These exports were worth $91.3 million, an increase of 4.2% year-on-year.
In the first eight months of the year, Brazil exported 77 million pairs of shoes for a value of $699.47 million. These figures represent respective increases of 0.5% and 13.2%.
Abicalçados has explained that the current strength of the Brazilian Real against the US dollar means Brazilian footwear is 10% more expensive than it was during the same period of 2016. This is putting off international buyers.
The executive president of Abicalçados, Heitor Klein, said this is the case for many of the country’s most important export markets including the US, which is the destination for 25% of Brazil’s exported shoes.
He said sales to this market are “shrinking month after month” as US buyers turn to cheaper footwear from Asia. In the first eight months of the year, Brazilian shoe exports to the US fell 14.6% in volume and 11.4% in value, he revealed.
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