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14/02/2018 - 16:51hs

Footwear exports to the UAE climbed 44%

Sales of Brazilian footwear to the Arab country totaled USD 1.4 million in January, registering an increase over the beginning of last year. Brazil shipped products of greater value.

São Paulo – Brazilian footwear exports to the United Arab Emirates climbed 44% in January of this year in comparison to the same month of 2017. Data from the Brazilian Footwear Industry Association (Abicalçados) shows that sales to the country last month generated USD 1.4 million, against USD 1 million in January of last year.

There was also an increase in the volume shipped by Brazilian companies to the UAE, from 158,300 pairs to 170,800 pairs in the same comparison, a growth of 7.9%. In January, Brazil sold to the Arab country higher-value footwear in comparison to the beginning of 2017. The average price went from USD 6.52 to USD 8.70.

The UAE are, currently, the largest market for Brazilian footwear among Arab countries. They stand at the 14th position in the general ranking of destinations. Among the top 20 of buyers of Brazilian footwear, the UAE is the only Arab country. The top 5 buyers from Brazil are the United States, France, Argentina, Paraguay and Italy.

The performance of the exports to the UAE stood above the average, since, in general, Brazil’s foreign footwear sales declined in January. Sales dropped 1.2% in revenues, from USD 81.3 million to USD 80.4 million, and also 1.2% in volume, from 11.3 million pairs to 11.2 million pairs. The average price of the pair sold abroad was of USD 7.15.

In a statement, the association’s president, Heitor Klein, said that the decline is due mainly to the appreciation of the real against the dollar in the last months of 2017, which turned the Brazilian product less competitive abroad. According to him, the appreciation of the Brazilian currency damages the country’s competitiveness, especially in more price-sensitive markets, such as the United States.

Brazil’s exports to the US dropped 25.4% in revenues in January. Among the top 5 markets, revenues from sales to Argentina also declined. But exports to France, Paraguay and Italy increased. Sales to the Paraguayan market generated revenues 178% higher than in the same month of 2017.

*Translated by Sérgio Kakitani

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