From the Newsroom*
São Paulo – Brazilian shoe sector exports totalled US$ 1.7 billion from January to November this year, almost the same total as that registered in the same period in 2005. According to figures disclosed yesterday (11) by the Brazilian Association of Shoe Manufacturers (Abicalçados), it is possible that the year should end with values similar to the US$ 1.886 billion of last year.
The greater participation of Brazilian shoes in greater added value niches and in potential markets this year was one of the main causes for the performance in the shoe sector to have remained at about the same levels as last year. According to the president at Abicalçados, Elcio Jacometti, the results could have been more negative due to the appreciation of the Brazilian real against the US dollar, which caused increases in prices of Brazilian shoes on the foreign market.
*Translated by Mark Ament
