"This is one of the ways thought up by national manufacturers to overcome the difficulties of pricing the shoes in the foreign market, and the drop in exports due to the appreciation of the Brazilian real in relation to the United States dollar," he said. The shoe sector is one of those that have suffered the most with the appreciation of the Brazilian currency, which makes national products more expensive abroad.
Just to have an idea, between January and May 2005, the country exported 10 million pairs of shoes less, in comparison to the same period in 2004. There were 89.6 million pairs, against 99.8 million pairs last year.
In spite of the small exports volume, the revenue did not behave in the same fashion. From January to May, exports yielded US$ 765.9 million, against US$ 707.2 million in the same period in 2004. The reason was the increase in the average price per pair of shoe sold abroad.
For more information click here : Brazilian Shoes
Arab – Brazilian Chamber of Commerce