Export Performance

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.