Signs of life for Brazilian footwear industry
14/11/2018
During the month, a total of 11 million pairs of shoes were exported for a value of $93.77 million, respective increases of 11.2% and 31% compared to October 2017.
In terms of value, this was the industry’s best performance of the year, surpassing April, when shoes worth $93 million were exported.
For the first 10 months of the year, Brazil’s footwear exports stood at 89.8 million pairs, a drop of 10% year-on-year. The value of these exports is down 10.8% compared to the same period of 2017.
The executive president of Abicalçados, Heitor Klein, said the increase in October was primarily down to growth in exports to the US, now Brazil’s most important export destination. Mr Klein said this growth was greater than Abicalçados had expected, attributing this to a reduction in tariffs on shoe products entering the US from Brazil.
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