Although volume of exports has been stable in the last financial year, value of the sales abroad has fallen at a double-digit rate.
In June 2016, the volume of Pakistan’s exported footwear increased by 14.98% compared to a similar period in 2015; 808 thousand pairs rising to 929 thousand pairs. In terms of value, exported footwear dropped from 10.94 million US dollars in June 2015 to 10.12 million US dollars in June 2015, according to data recently released by PBS (Pakistan Bureau of Statistics).
Leather footwear, representing 70.40% of the total value of exported footwear, increased its volume of exports by 7.57%, despite a decline in value of 4.88%, dropping from 9.25 million US dollars in June 2015 to 8.80 million US dollars in June 2016.
During the period July 2015 – June 2016 Pakistan exported 13.14 million pairs of shoes valued at 109.60 million US dollars. This compares with exports of 13.03 million pairs valued at 131.55 million US dollars in a similar period of 2015, reflecting a certain stability in terms of volume (+0.86%) and double-digit decline in terms of value (-16.68%).
Footwear sales, representing the largest share in footwear exports in the period (80.70%), reached 80.29 million US dollars dropping by 20.12% during the first eleven months of the year with volumes down by 9.20% during the period.
(Pakistan’s financial year runs from July to June)