News

Asian footwear could be blocked in Brazil

20/09/2007

The number of Asian footwear imports – mainly from China, Vietnam and Indonesia – rose sharply in the first seven months of 2007 to 13.1 million pairs worth $110 million. This beats full year 2006 figures by 65%.

Meanwhile, Brazilian footwear exports fell 4% in the first seven months of the year to 103.9 million pairs from 108 million pairs in the 2006 period. However, its shoe exports rose in value from $1 billion in the seven-month period last year to $1.12 billion from January to July 2007. Average price for exported footwear has increased 6% and has counterbalanced the decline of the US dollar against the Brazilian Real (R$).

To continue reading this story, please sign in or register.