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Footwear exports up 13pc during 11 months of FY2018-19

Footwear exports up 13pc during 11 months of FY2018-19

ISLAMABAD: The footwear exports from the country witnessed an increase of 13.02 per cent during the first eleven months of the fiscal year 2018-19, as compared to the corresponding period of last year (FY2017-18).

Pakistan exported footwear worth $110.145 million during July-May 2018-19, as against the exports of $97.457 million during July-May 2017-18, according to the latest data of Pakistan Bureau of Statistics (PBS).

Among these, the exports of leather footwear witnessed a growth of 12.32pc, as it increased from $85.308 million during 11MFY18 to $95.814 million in 11MFY19.

The exports of canvas footwear, however, decreased by 53.91pc, as it went down from $0.106 million in the fiscal year 2018-19 to $0.230 million in FY18.

The exports of all other footwear commodities increased by 19.35pc during the period under review as they went up from $11.919 million in 11MFY18 to $14.225 million during the period under review.

Meanwhile, on a year-on-year basis, the footwear exports witnessed an increase of 4.64 per cent during the month of May 2019 when compared to the same month of last year. The footwear exports during May 2019 were recorded at $9.733 million against the exports of $9.301 million in May 2018.

On a month-on-month basis, the exports of footwear declined by 5.90pc during May 2019 when compared to the exports of $10.343 million in April 2019.