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Brazil's footwear exports to US, Argentina down amid economic slowdown

19 Feb '23
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Footwear exports from Brazil to the US and Argentina have recorded a sharp fall on a quarter-on-quarter basis in the fourth quarter of 2022. Inflationary pressure and fear of an economic recession have dried up discretionary expenditures around the world. Exports to US were down to $****.*** million and to Argentina to $****.*** million in Q4 2022.

Footwear exports to the US fell to $**.*** million in October-December **** from $**.*** million in July-September ****. Volatility in the trade has been noticed for the last year and a half. The shipments were valued at $**.*** million in Q* ****, $**.*** million in Q* ****, $**.*** million in Q* ****, and $**.*** million in Q* ****, according to Fibre2Fashion’s market insight tool TexPro. 

Brazilian shipments to Argentina also declined to $**.*** million in Q* **** from $**.*** million in Q* ****. The trade was valued at $**.*** million in Q* ****, $**.*** million in Q* ****, $**.*** million in Q* ****, and $**.*** million in Q* ****, as per data obtained from TexPro. 

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