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Pakistan footwear exports: increase in volume, decline in value

Mar 30, 2021 Pakistan
Pakistan footwear exports: increase in volume, decline in value
During the first eight months of the current fiscal year, Pakistan exported 11.56 million pairs of footwear, resulting in exports revenue of 88.01 million US dollars. This translates in an increase of 11.67% in volume and a decline of 6.18% in value
According to the latest data by the Pakistan Bureau of Statistics (PBS), during the first eight months of the current fiscal year* the value of Pakistan’s leather manufactures exports increased by 5.57% compared to similar period in the previous year. During the period July 2020 - February 2021, the country exported goods in this segment with a total value of 382.01 million US dollars compared to exports worth 361.87 million US dollars registered in the first eight months of the preceding fiscal year.

The same source indicated that exports of tanned leather in the same period totalled revenue of 97.43 million US dollars, which compares to 136.83 million US dollars in similar period in the previous year (a decline of 28.79%).

Footwear

In the same period 11.56 million pairs were sent abroad, resulting in exports revenue of 88.01 million US dollars. This translates in an increase of 11.67% in volume and a decline of 6.18% in value. In the same period exports of leather footwear represented 83.3% of the total value of exports of footwear. Sales abroad of this type of footwear declined by 8.58% in value, but increased by 7.87%, from similar period in 2019. Canvas footwear declined in value, but increased in volume; while other footwear increased in both value and volume.

Pakistan Footwear Industry

The Pakistani footwear industry, the 8th largest in the world, is primarily geared to the internal market. The industry is mostly concentrated in the province of Punjab. According to the World Footwear 2020 Yearbook (AVAILABLE HERE), in 2019 both its imports and exports decreased. The country’s trade surplus increased as a result. Pakistan imports predominantly textile footwear from China. Its exports, on the other hand, are widely spread geographically.

Image credits: Dimitry Anikin on Unsplash

* Pakistan’s financial year runs from July to June

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