Boost for Portuguese exports
Sales to foreign markets of footwear made in Portugal increased by a reported 121 per cent compared to the same month in 2020 – the sector’s second consecutive monthly export growth. Figures suggest that the country’s shoemakers exported 22 million pairs in the first four months of this year, with overall value increasing by 4.3 per cent year-on-year.
A report published by the APICCAPS footwear association states that despite the economic prospects for the near future being marked by a great uncertainty, the industry is regaining its optimism. Over 95 per cent of Portugal’s footwear production is currently sold overseas. By April 2021, exports to other European countries are said to have grown by 6.8 per cent, with the German market up by 40 per cent.
This article was originally published on page 2 of the July/August 2021 issue of SATRA Bulletin.