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Brazil: Export of Shoes Rise by 3% up to March

Brazil: Export of Shoes Rise by 3% up to March

Write: Lorna [2011-05-20]

Brazilian shoe export revenue increased by 3 percent in first quarter of the year compared to same period last year.

Brazil shoe factories recorded a turnover of US $502 million with foreign market during first three months of this year compared to turnover of $489.4 million recorded during corresponding period of previous year.

Brazilian Association of Shoe Manufacturers (Abical?dos) said this performance was due to increase in average price of a pair sold at $ 8.74, valued at 7 percent higher than last year.

The export volume of shoes during first quarter dropped 4 percent to about 57.4 million pairs of shoes.