Pakistan leather footwear revenue up by 12%

Pakistan leather footwear revenue up by 12%
In August 2018, the volume of Pakistan’s exported footwear increased by 22.6% compared to similar period in 2017: 1.085 million pairs going up from 885 thousand pairs. In terms of value, exported footwear increased by 14.2% from 10.538 million US dollars to 12.037 million US dollars in August 2017, according to data recently released by PBS (Pakistan Bureau of Statistics).

Leather footwear, representing 91.6% of the total value of exported footwear, registered an increase in the volume and value of exports, respectively, 45.9% and 18.2%. Exports from the category other footwear registered a decline in the month under analysis: -13.7% in volume and -14.7% in value.

During the period July – August 2018 Pakistan exported 2.059 million pairs of shoes valued at 22.306 million US dollars. This compares with exports of 1.615 million pairs valued at 20.098 million US dollars in a similar period of 2017, reflecting increases in terms of volume (+27.5%) and value (+11.0%).

Leather footwear sales, representing the largest share in footwear exports in the period (90.7%), drove most of this performance, reaching 20.227 million US dollars and going up by 12.24% during the first two months of the year (with volumes up by 41.7%). Double digit declines in volume and value for the canvas footwear category marked the period. Other footwear consolidated the performance, in volume and value terms, from similar period in 2017.

(Pakistan’s financial year runs from July to June)