São Paulo – Footwear exports from Brazil to the United Arab Emirates climbed by 83% year-to-date through October, the Brazilian Footwear Industry Association (Abicalçados) reported earlier this week. Brazil shipped 1.4 million pairs to the Arab country year-to-date through October from 792,000 from a year ago.
Revenue grossed by the footwear industry also increased from sales to the UAE. The Arab country spent USD 10.6 million with Brazilian shoe purchases year-to-date through October from USD 7.8 million a year ago. But the increase in revenue was less substantial than in volume, reaching 35%.
This is because Brazil sold shoes to the UAE for smaller average prices this year than in 2018. The value of the pair traded a year ago was at USD 9.96 and was down to USD 7.35 year-to-date, down 26.2%. The price stood below the overall average value of footwear exports from Brazil, which was at USD 8.56 this year.
Brazil overall exports increased both in volume and value year-to-date through October. The country exported 93.3 million pairs, up 3.9% year-on-year. Revenue from sales reached USD 798.8 million, up 0.6%.
Translated by Guilherme Miranda
