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Germany tops Indian export markets

12/03/2007
 
According to figures released by the Indian Ministry of Commerce & Industry, Germany was the major buyer of Indian leather and leather goods between April and October 2006. The European country imported goods worth $215.19 million, followed by Italy at $215.07 million, the UK at $195.57 and the USA at $195.57 million. This equates to a 5.99% increase in exports to Germany and a 34.74% rise in exports to Italy. Exports to the UK declined 8.01%, while US imports fell 6.18%.

During the seven-month period, overall leather sector exports grew 4.57% to reach $1.660 billion from $1.588 billion in the corresponding period of the prior year. Leather footwear exports rose 14.72% to $492.44 million from $429.25 million in the 2005 period and leather goods improved 2.72% to $400.56 million from $389.95 million. Footwear components increased 12.3% to $124.99 million from $111.3 million, whilst saddlery and harnesses rose 0.3% to $46.21 million from $46.07 million. On a less positive note, finished leather exports fell 0.55% to $370.1 million from $372.13 million and leather garments dropped 9.5% to $190.73 million from $210.76, respectively.

During the same period, imports of raw hides and skins and finished leather rose 19.11% to $203.07 million from $170.49 million, having fallen 4.39% to $36.05 million in the prior-year period. Total leather imports were up 25.78% to $167.02 million from $132.78 million.





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