The proportion of Guangdong shoes export to Latin American market increased

according to the statistics released by Guangzhou Customs on Januar2, 2010, Guangdong’s shoes export increased by 26% from January to May 2010, with a total of 1.73 billion pairs of shoes exported. This is mainly due to the recovery of Latin American economy and the establishment of China ASEAN Free Trade Area, which has provided a promoting factor for the expansion of Guangdong Province’s shoe export. However, in the European and American markets, its export proportion is on a downward trend

since October 2009, the export volume of Guangdong’s shoes has basically shown a growth trend on a year-on-year basis. Except February, the export volume of Guangdong’s shoes has maintained a double-digit growth on a year-on-year basis. The growth rate has further expanded in May, with the export volume of 400 million pairs, an increase of 56%, and a month on month increase of 13%, which is the highest monthly export volume since 2009

according to the data, Guangdong’s shoes exports to ASEAN and Latin America reached US $380 million and US $280 million respectively, up 70% and 49% respectively. Exports to the two regions are mainly low-cost plastic shoes, http://www.shoes.net.cn 1t accounted for 87% of Guangdong shoes export to ASEAN and 77% of Guangdong shoes export to Latin America in the same period

during the same period, the growth rate of traditional markets in Europe and the United States decreased significantly. From January to may, the export growth rate of Guangdong shoes to the traditional markets of the United States and the European Union was 9.9% and 9.8%, both lower than the overall growth rate of Guangdong shoes export in the same period. The two markets accounted for 59% of the total export value of Guangdong shoes in the same period, dow2.4 percentage points from the same period last year

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