Beijing – China exported 1.7bn pairs of shoes in Q1 2020, down by 24.1% compared with Q1 2019.
The value of exports during the period shrunk by 20.7% year on year to $7.8bn, said China’s General Administration of Customs.
Export volume in March 2020 arrived at 476m pairs, showing a 26.3% drop from a year ago. The value of exports in March dipped 22.5% to $2.1bn.
This is in keeping with the downturn over the first two months this year, when total year-to-month export declined by 23.3% to 1.3bn pairs. Export value during the two months fell by 20% to $5.7bn.
The Producers’ Price Index (PPI) for Chinese shoe manufacturers in March was 101.1. March 2019 is indexed as 100, said China’s National Bureau of Statistics.