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China exports fewer shoes in first five months

(Xinhua)
Updated: 2008-07-27 14:57

BEIJING -- China sold fewer shoes abroad in the first five months of this year, due partly to reduced export tax rebates, continuous RMB appreciation, weaker demand from the United States and trade barriers such as anti-dumping lawsuits, the General Administration of Customs said on Friday.

Related readings:  What to do with yuan's appreciation?  Textile, garment export drops 11% in H1  China toughens forex receipts and export settlements  China's export growth slows down

Between January and May, China exported 3.39 billion pairs of shoes, a decline of 3.6 percent from the same period of last year. This was in contrast with the 11.1 percent growth in the January-May period of last year.

But the export value rose 11.5 percent to US$10.22 billion as average price went up 15.8 percent to US$3 per pair.

Of the total exports, 51.2 percent, or 1.74 billion pairs, were sold by private companies, down 1.8 percent.

Shoes exports to the United States went down 4.5 percent to 880 million pairs, or 26 percent of the total, while those to the European Union increased 6.8 percent to 640 million pairs, or 18.9 percent of the total.