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Footwear exports decline by 6.91% in 7 months

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Islamabad

The footwear exports witnessed a decline of 6.91 percent during the seven months of financial year 2020-21 as compared to the corresponding period of last year.

Pakistan exported footwear worth $75.274 million during July-January (2020-21) as against the exports of $80.859 million during July-January (2019-20), showing decline of 6.91 percent, according to Pakistan Bureau of Statistics (PBS).

Among the footwear products, the exports of leather footwear went down by 8.78 percent from $69.185 million last year to $63.110 million during the period under review while the canvas footwear also decreased by 38.17 percent from $0.338 million to $0.209 million.

In addition, the export of all other footwear commodities however witnessed growth of 5.46 percent from $11.336 to $11.955 million.

Meanwhile, on year-on-year basis, the footwear exports declined by 17.12 percent from $12.664 million in January 2020 to $10.496 million January 2021.—APP

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