In the first five months of this year, both import and export of leather and leather products maintained growth
Release time:
2023-01-31 16:53
Source:
Our leather industry is typical export-oriented industry, depending on foreign market is high. Imports are mainly leather products, raw materials such as rawhide and wet blue leather, while exports are mostly shoes and manufactured goods. According to the newly released statistics, during the first five months of this year, the export value of leather, fur, goods and footwear products reached 28.175 billion US dollars, an increase of 37.3% over the same period last year. Imports amounted to $3.862 billion, up 74.5 percent year on year. Import growth was 37.2 percentage points higher than export growth.
Imports maintained rapid growth From the perspective of segmented products, the growth rate of manufactured goods picked up significantly. Footwear continued to be the biggest contributor to imports. From January to May, 104 million pairs of footwear products were imported, with a value of $2.747 billion, up 21.9% and 47.0% respectively year-on-year. It is worth noting that the import of leather shoes is growing rapidly. From January to May, a total of 28,642,500 pairs of leather shoes were imported, with the amount reaching 1.095 billion US dollars, up 26.7% and 59.8% compared with the same period last year, respectively. The growth of the import volume and the amount of leather shoes were 4.8 and 12.8 percentage points higher than the total import volume of shoes, respectively. While a low import base last year was an important factor, it still reflects signs of a slight pickup in demand for leather shoes.
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Leather cases and bags were the second largest imports. Imports from January to May reached 51.305 million, or $2.675 billion, up 29.5 percent and 132.3 percent, respectively, over the same period last year.
The third category of imported products is rawhide and semi-finished leather. Driven by multiple factors such as low international raw leather prices, increasing demand from downstream markets, and stocking up during the low price period, imports of raw leather and semi-finished leather showed an increasing trend from January to May this year. Among them, the import of rawhide was 557,400 tons, the amount of 514 million US dollars, up 13.6% and 22.0% year on year respectively; The import of semi-finished leather was 250,500 tons and $441 million, up 20.2% and 33.6%, respectively, compared with the same period last year.