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Significant fall in leather exports

30/11/2006

Pakistan's leather sector exports fell by over 25% to $51.3 million during October, down from $68.6 million in September and 47.7% compared with October 2005 ($98.2 million). Finished leather exports for October fell by 37.3%, leather goods by 15.7% and footwear by 44.7% compared with the previous month.

Leather exports for the period July to October 2006 fell by 38.6% to $248.9 million, compared with $405.4 million in the same four-month period of 2005. Finished leather exports fell to $73.4 million from $97.3 million, leathergoods—including garments and gloves—slipped to $144.120 million from $256.142 million, and footwear fell to $31.4 million from $51.896. There was an overall decline of 22.45% in terms of quantity and 24.57% in terms of value during the period.



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