Footwear exports drop 6.18% to US in 8 months

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Islamabad

The footwear exports from the country witnessed a decrease of 6.18 percent during the eight months of financial year 2020-21 as compared to the corresponding period of last year.

Pakistan exported footwear worth $88.012 million during July-February (2020-21) as against the exports of $93.813 million during July-February (2019-20), showing negative growth of 6.18 percent, according to Pakistan Bureau of Statistics (PBS).

Among the footwear products, the exports of leather footwear went down by 8.58 percent from $80.167 million last year to $73.290 million during the period under review while the canvas footwear also decreased by 34.32 percent from $0.338 million to $0.222 million.

In addition, the export of all other footwear commodities however witnessed growth of 8.96 percent from $13.308 to $14.500 million.

Meanwhile, on year-on-year basis, the footwear exports declined by 1.67 percent from $12.954 million in February 2020 to $12.738 million February 2021.—APP