Argentina becomes Brazil’s largest shoe export market

A drop in sales of Brazilian-made footwear in the USA resulted in neighbouring Argentina taking over as Brazil’s most important export market in terms of value during the first three months of this year. Exports to the US dropped by 23 per cent in volume and 13 per cent in value during 2017, and this decline continued into the first quarter of 2018, when early figures suggested that US consumers bought 11.5 per cent less Brazilian footwear by volume and 22.6 per cent less in value.

By contrast, Argentina imported some 2.4 million pairs of Brazilian-made shoes during this period. This represented a total value of $39.1 million, with a year-on-year increase of 14.4 per cent for volume and 9.8 per cent for value. One of the major export markets for Brazilian footwear is France. Around 2.75 million pairs of Brazilian-made shoes were exported to France during the first quarter of 2018. This is said to be a volume increase of 52.4 per cent year-on-year, giving a value of $18.26 million (a growth of 19.3 per cent).

Publishing Data

This article was originally published on page 4 of the June 2018 issue of SATRA Bulletin.

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