Export Performance

Sectoral export performance report November 2022

Sectoral Export Performance Report November 2022

This report covers the analysis of the sectoral export performance for 10 months of 2022, the export trend of October’22 over September’22, the export performance of January-October (10 months) comparison of 2022 over SPLY, and the export performance for the current FY 2022-23 July-October (4 months), etc.

This report covers the analysis of the sectoral export performance for 9 months of 2022, the export trend of September’22 over August’22, the export performance of January-September (9 months) comparison of 2022 over SPL, and the export performance for the current FY 2022-23 July-September (3 months), etc.

A. Sectoral (Leather & Leather Products 41-43 & 6403)

B. Leather subsector

C. Leather Products (42-43)

D. Leather Footwear (6403)

E. Non-leather footwear

F. Export performance of leather, leather products, and, footwear for current FY 2022-23 July-August.

Key highlights of the report are summarized below for your quick view:

Eight months of the current calendar year-Jan-August

• In 2022, in 8 months: Jan-August, total sectoral (leather, leather products, and non-leather footwear) export is 1202 USDM whereas it was 900 USDM in 2021, with over 33% export growth over the Same Period Last Year (SPLY).   
• In 2022, in 8 months: Jan-August, in terms of only leather footwear export, total export is 553 USDM, which was 404 USDM in SPLY, with export earnings up by almost 37% in 8 months of 2022; and the export share of only leather footwear is 46% of total sectoral export in 8 months of 2022.  
• In 2022, in 8 months: Jan-August, in terms of only leather products export, total export is 233 USDM, which was 183 USDM in SPLY, with export earnings up over 27%; and the export share of only leather products is over 19% of total sectoral export in 8 months of 2022.  
• In 2022, in 8 months: Jan-August, in terms of only non-leather footwear export, the total export is 311 USDM, which was 230 SPLY, with export earnings up over 35%; and the export share of only non-leather footwear is almost 26% of total sectoral export in 8 months of 2022.   

For FY 2022-23: July-August (2 months) 

• Export performance of leather, leather products, and footwear for the current FY 2022-23 July-August (2 months) has recorded 223.23 USDM; sectoral export growth of almost 28% over the SPLFY.  
• In the current FY 2022-23 July-August (2 months), in terms of non-leather footwear, it exported 74.99 USDM with export growth of over 32% over the SPLFY.  
• Export performance of total sectoral (leather, leather products, and non-leather footwear) export performance for the current FY 2022-23 July-August (2 months) recorded 298.22 USDM, with export growth of over 29% over the SPLFY.

Analysis of the sectoral export performance for 6 months of 2022 over 2021

Six months of the current calendar year-Jan-June 

• In 2022, in 6 months: Jan-June, total sectoral (leather, leather products, and non-leather footwear) export is 903.71 USDM whereas it was 668.57 USDM in 2021, with over 35% export growth in 6 months of 2022.  
• In 2022, in 6 months: Jan-June, in terms of only leather footwear export, total export is 406.22 USDM, which was 291.19 USDM in 2021, with export earnings up by almost 40% in 6 months of 2022; and the export share of only leather footwear is 45% of total sectoral export in 6 months of 2022.  
• In 2022, in 6 months: Jan-June, in terms of only leather products export, total export is 179.67 USDM, which was 140.47 USDM in 2021, with export earnings up by 28%; and the export share of only leather products is almost 20% of total sectoral export in 6 months of 2022.  
• In 2022, in 6 months: Jan-June, in terms of only non-leather footwear export, the total export is 236.32 USDM, which was 173.01 USDM in 2021, with export earnings up by almost 37%; and the export share of only non-leather footwear is over 26% of total sectoral export in 6 months of 2022.  

For FY 2021-22 July-June (12 months) 

• Export performance of leather, leather products, and footwear for the current FY 2021-22 July-June (12 months) has recorded 1245.18 USDM; sectoral export growth of over 32% over the previous FY 2020-21 July-June.  
• In the current FY 2021-22 July-June (12 months), in terms of non-leather footwear, it exported 449.15 USDM with export growth of over 30% over the previous FY 2020-21 July-June. 
• Export performance of total sectoral (leather, leather products, and non-leather footwear) export performance for the current FY 2021-22 July-June (12 months) recorded 1,694.33 USDM (169 billion) threshold, with export growth of almost 32% over the previous FY 2020-21 July-June.

Analysis of the sectoral export performance for 4 months of 2022 & current FY 2021-22 July-April_KRC-LFMEAB

Summary

• In 2022, in 4 months: Jan-April, total sectoral (leather, leather products, and non-leather footwear) export is 603.88 USDM whereas it was 421.22 USDM in 2021, with 43.36% export growth in 4 months of 2022.
• In 2022, in 4 months: Jan-April, in terms of only non-leather footwear export, the total export is 162.07 USDM, which was 106.41 USDM in 2021, with export earnings up by over 52%; and the export share of only non-leather footwear is almost 27% of total sectoral export in 4 months of 2022.
• Export performance of leather, leather products, and footwear for the current FY 2021-22 July-April (10 months) has crossed the 1011.77 USDM (1 billion+) threshold once again with; sectoral export growth of almost 33% over the previous FY 2020-21 July-June.
• In the current FY 2021-22 July-April (10 months), in terms of non-leather footwear, it exported 277.86 USDM with export growth of almost 35% over the previous FY 2020-21 July-June.
• Export performance of total sectoral (leather, leather products, and non-leather footwear) export performance for the current FY 2021-22 July-April (10 months) recorded 1,289.63 USDM.
• With the continuing current trend in the rest two months of FY 2021-22, total sectoral (leather, leather products, and non-leather footwear) export performance is likely to reach 1,547.556 USDM new threshold!

Analysis of the sectoral export performance of 2021 over 2020

Summary

• In 2020 (12 months), total sectoral (leather & leather Products: 41-43 & 6403) export was $6 USDM whereas it was $963.31 USDM in 2019, with 16% negative export growth.
• Hence, export of Leather (Chapter 41) recorded $96.63 USDM in 2020, which was $139.86 USDM in 2019 with almost 31% yearly export down. In 2020, export share of leather is 12% of total sectoral export in 2020.
• In 2020, total export of leather products (42-43) & leather footwear combined was $705.02 USDM which was $823.45 USDM in 2019, with yearly export earnings fall by 14% (Figure 2).
• In terms of only leather footwear export in 2020, total export was $479.41 USDM, which was $566.54 USDM in 2019, with yearly export earnings fall by 15%. In 2020, highest monthly export recorded in July with $59.67 USDM while lowest monthly export was $7.2 USDM in April due to downtown businesses hard hit of Covid -19 (Figure 1).
• In terms of only leather products export in 2020, total export was $225.54 USDM, which was $256.91 USDM in 2019, with yearly export earnings fall by 12%. In 2020, highest monthly export recorded in October with $31.19 USDM while lowest monthly export was $3.64 USDM in April due to downtown businesses hard hit of Covid -19 (Figure 1).

Source: Report is prepared by using EPB data.

Summary

• In 2020 (12 months), total sectoral (leather & leather Products: 41-43 & 6403) export was $6 USDM whereas it was $963.31 USDM in 2019, with 16% negative export growth.
• Hence, export of Leather (Chapter 41) recorded $96.63 USDM in 2020, which was $139.86 USDM in 2019 with almost 31% yearly export down. In 2020, export share of leather is 12% of total sectoral export in 2020.
• In 2020, total export of leather products (42-43) & leather footwear combined was $705.02 USDM which was $823.45 USDM in 2019, with yearly export earnings fall by 14% (Figure 2).
• In terms of only leather footwear export in 2020, total export was $479.41 USDM, which was $566.54 USDM in 2019, with yearly export earnings fall by 15%. In 2020, highest monthly export recorded in July with $59.67 USDM while lowest monthly export was $7.2 USDM in April due to downtown businesses hard hit of Covid -19 (Figure 1).
• In terms of only leather products export in 2020, total export was $225.54 USDM, which was $256.91 USDM in 2019, with yearly export earnings fall by 12%. In 2020, highest monthly export recorded in October with $31.19 USDM while lowest monthly export was $3.64 USDM in April due to downtown businesses hard hit of Covid -19 (Figure 1).

Source: Report is prepared by using EPB data.