Brazil­ian footwear ex­ports on the high

Shoes & Accessories - - The Month That Was Updates | International -

This pos­i­tive per­for­mance re­sulted in a 1.1% in­crease in vol­ume, com­pared to sim­i­lar pe­riod last year, and a sig­nif­i­cant in­crease in value terms (+20.1% in US dol­lars).ac­cord­ing to Heitor Klein, Ex­ec­u­tive Pres­i­dent of Abi­calça­dos, the Brazil­ian Shoe Man­u­fac­tur­ers As­so­ci­a­tion, the de­val­u­a­tion of the dol­lar has contributed to the in­crease of the prices for Brazil­ian prod­ucts (up by 13.9%, from 8.57 US dol­lars to 10.86 US dol­lars a pair). The ap­pre­ci­a­tion of the Brazil­ian Real con­tin­ues and a strong do­mes­tic cur­rency re­sults in higher prices for the Brazil­ian prod­ucts, as the com­pa­nies will face higher pro­duc­tion costs (ex­pressed in the Brazil­ian cur­rency). Klein ex­pects that the rest of the year will be im­pacted by a slow­down of the Brazil­ian ex­ports as a re­sult of the cur­rency fluc­tu­a­tions and the do­mes­tic sit­u­a­tion with Brazil be­ing im­pacted by the un­cer­tainty in pol­i­tics.

In the first five months of the year, the main des­ti­na­tion for Brazil­ian footwear was the United States, to where 4.7 mil­lion pairs were sent, gen­er­at­ing 79.3 mil­lion US dol­lars, a de­crease of 10.8% in vol­ume and-1.3% in US dol­lars from sim­i­lar pe­riod last year. Sec­ond des­ti­na­tion was Ar­gentina, with 3.6 mil­lion pairs with a to­tal value of 56.2 mil­lion US dol­lars, in­creas­ing both in vol­ume (28%) and value (62.8%) in com­par­i­son with the same pe­riod of 2016. Paraguay fol­lows with 5.8 mil­lion pairs and to­tal value of 39 mil­lion US dol­lars, lower num­bers in vol­ume terms (-9%), but an out­stand­ing in­crease in value terms,with rev­enue more than dou­bling value (+120%) com­pared to sim­i­lar pe­riod in 2016.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.