Brazil’s exports of footwear components up 48%

Brazil
Published:  25 August, 2016

Exports of Brazilian footwear components have increased 48% in the first half of 2016 compared with the same period last year, with China, India and Argentina as the key buying countries.

Through the ‘Footwear Components by Brasil Program’, carried out by the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in partnership with the Brazilian Association of Companies of Components for Leather, Footwear and Manufactured Goods (Assintecal), total footwear components’ exports amounted to US$130.2 million, representing a growth rate of 48% year-on-year.

Figures for the first seven months of the year, including July 2016, show a cumulative total of US$158.4 million; a 50% growth compared with the same period in 2015, and an increase of US$52.4 million in exports.

In July 2016 alone, total exports were US$28.2 million in value, representing a 19% increase over the previous month of June, and a 58% increase compared with July 2015.

Between January and July 2016, the Brazilian products were exported to 78 different countries, with China, Argentina and India accounting for nearly 50% of the total.