Footwear exports surge 15.7pc in two months FY20

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ISLAMABAD: The footwear exports from the country witnessed an increase of 15.75pc during the first two months of the current financial year (FY20) as compared to the corresponding period of last year.

Pakistan exported footwear worth $25.793 million during July-August 2019-20, as against the exports of $22.283 million during July-August 2018-19, according to data released by the Pakistan Bureau of Statistics (PBS).

Among the footwear products, the exports of leather footwear witnessed a growth of 11.45pc, as it surged from $20.002 million to $22.292 million. Similarly, the canvas footwear exports surged to $0.025 million from $0.012 million, an increase of 108.33pc.

The export of all other footwear commodities also witnessed an increase of 53.20pc in the first two months of FY20, from $2.269 million to $3.476 million.

Meanwhile, on a year-on-year basis, the footwear exports increased by 6.99pc during the month of August 2019, as compared to the same month of last year. The footwear exports during August 2019 were recorded at $12.848 million, as against the exports of $12.009 million in August 2018.

During the month under review, the leather footwear exports increased by 5.40pc, canvas by 171.43pc, while the exports of all other footwear commodities surged by 20.37pc.

On a month-on-month basis, the exports of footwear witnessed a decrease of 0.75pc during August 2019 when compared to the exports of $12.945 million in July 2019.

The exports of leather footwear increased by 4.42pc, canvas footwear by 216.67pc, whereas that of all other footwear products declined by 29.11pc on a monthly basis.

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