International Trade
Pakistan footwear exports with decline of 5.15%
During the first nine months of the current fiscal year, Pakistan exported 13.29 million pairs of footwear, resulting in exports revenue of 98.98 million US dollars. This translates in an increase of 14.97% in volume and a decline of 5.15% in value
Argentina applies labelling standards for all footwear entering the country
The Government of Argentina announced the measure will be applicable for companies importing any type of footwear to Argentina. Importers will have to adapt to the new standard called "AR" and which relates to the size of the shoes
Spain Retail: depressed retail and online sales gaining share
The TCF retail Sales Index in Spain is showing some resistance to getting back to the pre-pandemic levels, even if some recovery took place over the second half of 2020. One positive sign seems to come from internet retail, which is gaining share since September 2020. The concern raises as this is being done at the expenses of physical retail. If one needs hope and goods news, those might come from some relative optimism from the consumer side, which might be followed by the retailers. The next few months will be key to see if they persist
Italian and Spanish footwear risk additional taxes in the US market
The Digital Services Taxes (DST) and the reaction of the US with the threat to implement tariffs to products coming from 6 US trading partners are the hot topic at the moment in the footwear industry. Today we look into what that means for Italy and Spain
How are Italy and Spain reacting to the threat?
The announcement made by the United States Trade Representative (USTR) on the 26th March regarding the next steps in its Section 301 investigations of Digital Service Taxes (DSTs) adopted or under consideration by several US trading partners made the alarm sound for Spain and Italy
US: threat of new tariffs in response to digital taxes
The United States Trade Representative (USTR) is collecting public comments on the potential implementation of tariffs to a list of goods from 6 US trading partners. Tariffs can go up to 25%. Footwear is part of the lists for some trade partners
South Africa: impact of COVID-19 on the footwear industry
Jirka Vymetal, the Executive Director of SAFLIA - Southern African Footwear and Leather Industries Association, spoke with local magazine S&V about the state of the footwear industry in the country
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
Bangladesh leather industry on track with target, but performance differs by category
The Bangladesh's leather industry has a target set for the current financial year of 920.00 million US dollars, and in the first eight months, the industry has met the target set for the period (602.06 million US dollars)
Trading footwear with the UK: are you familiar with the EU-UK deal?
Just before Christmas, people and businesses from both sides of the English Channel breathed in relief: a BREXIT deal had been achieved. Almost immediately, many questions arose regarding the new procedures to move goods between the two parties. Are you familiar with the new deal? Learn more today
Italian leather industry down by 26% in 2020
Taking the hit of the dissemination of the COVID-19 pandemic, the leather industry in Italy registered a decline in revenue of 26%. Exports were down by 27%
Italy with sharp fall in turnover, production and exports in 2020
The COVID-19 pandemic has hit the Italian footwear industry hard, with double-digit reductions across all the main variables, according to Assocalzaturifici, the Italian Footwear Manufacturers' Association
Brazil: two digits decline in production and exports in 2020
According to data released by Abicalçados, the Brazilian footwear sector may have lost 21.8% of its production in 2020, returning to levels registered 16 years ago. Brazilian footwear exports fell by 18.6%, the worst performance since 1983
Latvia: major problem is significant drop in demand
According to the Central Statistical Bureau of Latvia there are only a few SME companies producing footwear and they have been operating with no specific limitations. We have spoken with the representatives of the industry to understand the current situation in the country
US Retail: footwear retail sales still below the 2018 average
No matter the seasonal hike in December, with flat retail sales of footwear since June 2020 and 20% lower than the 2018 average, the 1st quarter of 2021 will hardly beat this baseline. Even if one considers the hike in ecommerce, perspectives are not great. On top of that low consumer confidence and uncertainty regarding a full return of shoppers to the high street, add to the gloomy picture of retail in the US-
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