The footwear exports posted a growth of 20.91 percent in the first two months of the fiscal year (2022-23) when compared to the exports of the corresponding period of the last year.
According to the Pakistan Bureau of Statistics (PBS) data, Pakistan exported footwear worth the US $32.393 million in July-August (2022-23) as compared to the exports of $26.791million during July-August (2021-22), indicating a growth of 20.91 percent.
With regard to the quantity, the exports of footwear also surged by 56.66 percent going up from 2,635 thousand pairs to 4,128 thousand pairs, as per the data.
Among the footwear products, the exports of leather footwear grew 22.53 percent as it increased from $22.832 million last year to $27.977 million during the current year.
Moreover, the canvas footwear exports of the country stood at $ 0.159 million in the current year as compared to $ 0.007 million during last year, indicating an increase of 2171.43 percent.
Similarly, the exports of all other footwear goods surged by 7.72 percent during the months under review as these grew from $3.952 million last year to $4.257 million during the existing fiscal year.
On a year-on-year basis, the footwear exports showed an appreciation of 14.06 percent during the month of August 2022 against the same month of last year. The footwear export during August 2022 was posted at $15.564 million against the export of $13.646 million in August 2021.
The leather and all other footwear export, during the period under review, also rose by 14 and 14.46 percent respectively.
In contrast, on a month-on-month basis, the exports of footwear commodities showed a decrease of 7.52 percent during August 2022 against the exports of $16.829 million in July 2022, the PBS data revealed. Likewise, on a month-on-month basis, the exports of leather footwear dropped down by 4.43 percent while canvas and other footwear exports also dipped by 100 percent and 19.49 percent respectively.