The opening up of Chinese and Russian markets leads the recovery in export of footwear in Portugal

After a long adjustment of the footwear industry in Portugal, her shoe products not only regain the position in traditional overseas market, but also open up the two potential new markets - China and Russia.

In the first half of 2006, the revenue from exported shoes in Portugal reached Euro 447million, which has 8.2% growth compared with the same period last year.

According to the survey of economic management center in Portugal, most of the manufacturers of Portugal shoes industry stated that the first half year of 2006 hit the best record in recent years, in the aspects of either production amount or purchase orders.

Portugal is a traditional manufacturer and exporter of shoe industry. However, she was badly affected by the strike from international shoes market in recent years. Even though Portugal supports the anti-dumping tax policy, which the European Union imposed on the exported shoes from countries like China and Vietnam, most of the practitioners of shoes industry in Portugal realized that China is not only a competitor, but also a huge market with 13 billion consumers.

Source: www.eshoe.cn

Date: 6 Sep, 2006