Footwear exports plunge 66% in May

According to the Brazilian Association of Footwear Industries (Abicalçados), 2.7 million pairs of shoes were exported in May, worth US$23.9 million, decreases both in volume (-64.7%), and in revenue (-66%) compared to year-ago levels. With the result, in the accumulated of the first five months of 2020, exports added 39.53 million pairs and US $ 294.9 million, decreases of 22.1%, and 28.7%, respectively, compared to the same period last year.

In the first five months, the main destination of Brazilian footwear abroad was the United States, where 3.8 million pairs were sent, which generated US$57.7 million, down 32.3% and 32.1% respectively compared to the same period last year. The second destination was Argentina, which imported 2.88 million pairs of shoes for US$29.47 million, down 3.8% in volume and 21.7% in revenue over the same period comparison. The third main destination was France which imported 2.68 million Brazilian pairs, worth US$19.52 million, down 17.8% and 10.7%, respectively, compared to 2019.

Fall also in imports

In the first five months of the year, Brazil imported 11.65 million pairs, for which US$138.32 million was paid, down 16% in volume, and 10.3% in revenue in relation to the same period in 2019. Looking at May alone, imports fell 47.4% by volume and 50% in revenue compared with May 2019 (1.2 million pairs and US $ 15 million).

The main origins of Brazilian imports in the first five months of the year were Asian countries. Vietnam (with 4.68 million pairs and US$78.78 million, a 5% drop in volume and a 1.2% increase in dollars), Indonesia (1.4 million pairs and US $ 23 million, declines in 31% and 25%, respectively) and China (4.58 million pairs and US$18 million, down 17.3% and 7.2%, respectively), together, accounted for more than 80% of Brazilian imports of footwear.

In the first five months of 2020, in parts – leather, heels, soles, insoles, etc. – Brazilian imports totaled US$9.37 million, 29.5% less than in the same period last year. The main origins were China, Paraguay, and Vietnam.

Sharing is caring!