Export Target VS. Performance of Leather and footwear industry, July-September 2018
In FY’2018-19 (July-October), the overall export target of the leather and footwear industry was 430.36 million USD, which is underachieved by 2.51 million USD with an overall export performance of 427.85 million USD. The major decline happened in leather goods category (HS code: 42-43) with a negative growth rate of -56.69% compared to the same period of last fiscal year (FY’2017-18), which has achieved export earnings of only 72.29 million USD, when the projected target was 105.72 million USD. Similarly, the Rawhides and finished leather category (HS code: 41) had a negative growth rate of 19.43% compared to the same period of last fiscal year (FY’2017-2018), which has achieved an export earnings of 56.75 million USD, when the projected target was 57.21 million USD.
Despite leather footwear achieved positive growth, leather footwear (HS Code: 6403) had a positive growth of 6.90% and export earnings was 216.16 million USD. However, non-leather footwear (excluding HS code: 6304) and footwear accessories achieved a negative growth rate of 5.19% with export earnings of 82.65 million USD, accordingly.
Data Source: EPB, Bangladesh