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Positive start for Bangladesh's leather footwear exports in the new financial year

Sep 12, 2016 Bangladesh
Positive start for Bangladesh's leather footwear exports in the new financial year
According to data released by the local leathergoods and footwear association, in the period July – August sales abroad of leather products have represented 110.7% of the target established for the period
The Leathergoods & Footwear Manufacturers & Exports Association of Bangladesh (LFMEAB) estimates that in the first two months of the current fiscal year (July 2016 – August 2016) leather footwear exports totaled 120.59 million US dollars, which compares to a target for the period of 82.25 million US dollars. This positions exports of leather footwear at a level 146.6% of the target for the period.

Exports of leather and leather products exports reached 86.6% of the target set for the period; however, the categories performed differently. While finished leather exports were slightly below the target for the period, achieving 93.4% of the target, leather products have reached 82.4% of the target for the period.

According to the latest edition of the World Footwear Yearbook Bangladesh was the 7th largest producer of footwear in 2015, with a 1.5% share in the Worldwide manufacture of footwear. For more information about the footwear industry in 2015 please refer to the store section (link here). 

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