US struggles continue for Brazilian footwear
26/02/2018
During the first month of the year, the country exported 11.24 million pairs of shoes for a value of $80.4 million. Both figures represented decreases of 1.2% compared to January 2017.
The executive president of Abicalçados, Heitor Klein, said the decline does not come as a surprise and lamented the ongoing strength of the Brazilian Real against the US dollar.
In January, exports of Brazilian shoes to the US fell 29.3% in volume and 25.4% in value, continuing a trend already experienced throughout 2017.
On a more positive note, exports to France increased 27.3% in volume and 27.6% in value compared to January 2017. This saw the country overtake Argentina as the second most important market for Brazilian shoes.
For its part, Argentina imported 16.8% fewer shoes from Brazil in January compared to the previous year, and these imports were worth 17.5% less.
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