International Trade
Crocs to reduce sourcing from China
The footwear company known for the iconic clogs says the amount of US products sourced from China will be below 10% for 2020. Currently, Crocs imports 30% of its US product from China
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
Footwear industry leaders joined forces against tariffs
Last week, the leaders of 5 industry associations in the US signed a letter addressed to President Trump, opposing the proposed tariffs on shoes and other accessories coming from China
The new chapter of the US-China trade war
President Trump announced and applied increases on the China tariff rates on List 3 (200 billion US dollars in Chinese-made goods) from 10% to 25%. Remaining goods, including footwear, could be hit with tariffs shortly as a new list was announced
Where do shoes come from?
The recent developments on the trade war US-China made us look into the trade relations of both countries in terms of footwear and curious conclusions about consumption in each of the markets arose. Check them here
Rise in fake goods trading
Trade in counterfeit and pirated goods has risen steadily in the last few years and now stands at 3.3% of global trade, according to a new report by the OECD and the EU’s Intellectual Property Office
Vietnam: footwear exports up by 10.5%
The Asian country continues to step up its footwear exports, while it absorbs some of the business moving away from China. In 2018 Vietnam's exports crossed the 16 million US dollars threshold and growth reached double digit
American footwear industry applauds trade war ceasefire
The Footwear Distributors & Retailers of America (FDRA) applauded the move by the Trump administration to suspend new trade tariffs
European Commission adopts FTA with Vietnam
Today the European Commission adopted the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. The Commission is committed to putting these agreements in place as soon as possible
Miscellaneous Tariff Bill signed into law
Last night President Trump signed the Miscellaneous Tariff Bill (MTB) into law. The MTB will provide temporary tariff cuts for certain items not made or available in the US including 65 different types of footwear. The House and Senate passed the bill with overwhelming bipartisan support
Global footwear together for free and fair trade
Wishing to give a strong signal against the protectionist movements recently emerging in several parts of the globe, representatives of footwear national associations and industry chambers of various continents signed a joint declaration in support of free and fair trade
Brazil: new leader in main exports destinations
The US have been the main destination for Brazilian footwear exports in the last 3 decades. Now, Argentina became the number one external market for Brazilian shoes
European exports with positive semester
During the first half of 2017 the European Union as a whole exported 20.56 billion euros of footwear, registering a 7.0% increased from similar period last year
Belgium continues to strength its position
Belgium stands out in the international arena as a country with a 2.1 billion USD trade balance and barely no production (less than 1 million pairs in 2016). In the first semester of 2017 exports increased by 3.9% (value)
Portuguese exports grow for 8 consecutive years
Since 2010 Portuguese footwear exports increased by 50% from 1 297 million euros in that year to a new record of 1 923 million euros in 2016. In the first half of 2017 positive growth continued-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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