National footwear exports fall 2.1% but resist better than rivals

Portuguese footwear exports fell 2.1% in the first half of the year, settling at 813 million euros. This decline in national footwear exports was associated with the logistics crisis in the Strait of Hormuz and the global conflicts that have affected international trade. The Portuguese Footwear, Components and Leather Goods Manufacturers Association (APICCAPS) released the data showing a contraction in the sector during this period. Despite the decline, the numbers show that Portuguese footwear managed to maintain some resilience in a challenging economic context. According to APICCAPS, the drop recorded in Portugal was smaller than the declines seen in the main rival markets, Italy and Spain, which demonstrates a superior resilience capacity of the Portuguese sector against European competition.