US continues to drive Brazil’s footwear exports
12/06/2019
These figures represent an increase of 19% in volume and of 24.7% in value compared to the same month of 2018.
In the first five months of the year, Brazil’s footwear exports were worth more than $415 million, up 3.7% year-on-year. The volume of shoes exported stood at 52 million pairs, an increase of 11%.
Abicalçados was quick to point out that the strong performance in May and in 2019 so far was driven by demand from the US market. The results in May were especially striking, with exports to the US increasing 63.7% in volume and 80% in value compared to the same period of last year.
As of the end of May, the US had imported 5.6 million pairs of shoes from Brazil, paying nearly $85 million, respective increases of 31.2% and 43.4%.
Heitor Klein, executive president of Abicalçados, said the ongoing trade war between the US and China is playing a big part in Brazil’s success. He explained that the US imports around 2.3 billion pairs of shoes per year, 70% of which come from China. Should the dispute between the two countries continue, Mr Klein said Brazil is in a good position to absorb some of this demand.
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