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News /Trade

China’s footwear exports increase by 11.8%

May 26, 2015 / China

Despite the positive performance of the footwear industry in other Asian countries, China continues to grow at an impressive pace

In 2014, China exported 53.8 billion US dollars’ worth of footwear, an increase of 11.8% compared to 48.4 billion US dollars in 2013.

The US consolidated its position as the main destination market for Chinese footwear, with a 26% share in total footwear exports. Sales of China’s footwear to the US market increased by 4.6% in 2014, compared to 2013, totaling 13.7 billion US dollars. Three countries follow with a 5% share, Russian Federation, Japan and United Kingdom, but all with different growth dynamics. Exports to the Russian Federation increased by 5.7% from 2.5 billion US dollars to 2.7 billion US dollars, while sales to Japan decreased by 2.3% (2.6 billion in 2013 to 2.5 billion US dollars in 2014). Exports to the United Kingdom grew by 25.7%, from 1.9 billion US dollars to 2.5 billion US dollars. 

Sales to Kazakhstan doubled in a year, going from 1.0 billion US dollars in 2013 to 2.2 billion US dollars in 2014. Sales to the Republic of Korea are also worth mentioning with a 71.3% growth, from 0.67 billion US dollars to 1.15 billion US dollars.

The World Footwear Yearbook estimates that in 2013 China was the world’s largest manufacturer of footwear (63.3%), as well as the largest consumer (19%) and exporter (73.4%).
 


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