Shoe exports declined 10% in 2018
Date
4/28/2019 3:10:34 AM
(MENAFN- Brazil-Arab News Agency (ANBA)) From the Newsroom
São Paulo – Brazilian shoes exports fell more than 10% in 2018, declining every month aside from April, according to the Brazilian Association of Shoe manufacturer (Abicalçados) report published this Thursday (10). A total of 113.47 million pairs have been shipped, amounting to USD 976 million during the period, a 10.8% declined in volume and a 10.5% decline in revenue compared to 2017.
Only in December, exports reached 13 million pairs and USD 97.6 million in revenue, a 24.3% drop in volume and a 16.5% in revenue over December of last year.
Abicalçados president Heitor Klein stated that currency fluctuations caused by Brazilian election period and the increase on American interest rates harmed the exports during the period, in addition to the truckers strike in Brazil in May and the high costs of production.
'From this year on, however, having a safer scenery for exports agents, we should obtain increases,' said the association president, according to the release, highlighting that there are good expectations for recovery, specially to the American market. 'Because of the trade war between the United States and China, there is a trend to replace Asian shoe imports in that country,' reported Klein.
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