No recovery on the horizon for Brazil’s footwear exports
21/09/2018
A total of 8.8 million pairs of shoes were exported from Brazil for a value of $82.9 million in August, decreases of 7.3% and 9.2% respectively.
Brazil’s footwear exports for the first eight months of the year were down 10.3% in volume and 10.2% in value compared to the same period of 2017.
The executive president of Abicalçados, Heitor Klein, said that despite the exchange rate between the US dollar and the Brazilian real making the nation’s products more competitive overseas in August, the currencies of the leading country destinations for these products are not as strong, which is affecting their buying power. He cited Argentina as an example; its imports of Brazilian shoes fell 14% in volume in August.
Mr Klein added that there is unlikely to be a recovery of Brazil’s footwear exports over the next couple of months. He explained that any increase would only be seen in November in December, when the country begins exporting shoes for the autumn-winter season.
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