The figures have been released by the Brazilian Department of Foreign Trade – Ministry of Development, Industry and Foreign Trade (MDIC), with further analysis from the Department of Intelligence at the Centre for the Brazilian Tanning Industry (CICB). These numbers represent a decrease of 4.4% in comparison with November 2013.

However, the yearly accumulative figures show an increase of 18.6% in comparison to the first 11 months of 2013, reaching a total of US$2.69 billion. This value is higher than the total leather exports registered for the whole of 2013, which reached US$2.51 billion.

José Fernando Bello, Executive President of CICB, says the Brazilian leather sector has been investing heavily in quality, technology and sustainability in order to compete in the global market.