China’s footwear exports increase by 11.8%
In 2014, China exported 53.8 billion US dollars’ worth of footwear, an increase of 11.8% compared to 48.4 billion US dollars in 2013.
The US consolidated its position as the main destination market for Chinese footwear, with a 26% share in total footwear exports. Sales of China’s footwear to the US market increased by 4.6% in 2014, compared to 2013, totaling 13.7 billion US dollars. Three countries follow with a 5% share, Russian Federation, Japan and United Kingdom, but all with different growth dynamics. Exports to the Russian Federation increased by 5.7% from 2.5 billion US dollars to 2.7 billion US dollars, while sales to Japan decreased by 2.3% (2.6 billion in 2013 to 2.5 billion US dollars in 2014). Exports to the United Kingdom grew by 25.7%, from 1.9 billion US dollars to 2.5 billion US dollars.
Sales to Kazakhstan doubled in a year, going from 1.0 billion US dollars in 2013 to 2.2 billion US dollars in 2014. Sales to the Republic of Korea are also worth mentioning with a 71.3% growth, from 0.67 billion US dollars to 1.15 billion US dollars.
The World Footwear Yearbook estimates that in 2013 China was the world’s largest manufacturer of footwear (63.3%), as well as the largest consumer (19%) and exporter (73.4%).