Brazil: January-August leather exports generate revenues of US$1.38 billion

19 September 2008

Sao Paulo, Brazil, 19 Sept – Brazilian leather exports totalled US$1.38 billion in the period from January to August of 2008, a year on year decrease of 6 percent, according to the Brazilian association for the leather curing industry, CICB.

The CICB cited figures from the Secretariat for Foreign Trade of the Ministry for Development, Industry and Foreign Trade that showed that if the current monthly average was maintained, foreign sales of leather in 2008 may reach US$2 billion.

The main markets for Brazilian leather in August were China and Hong Kong, with US$442.8 million each, Italy, with US$359 million and the United States.

The accumulated sales for the first eight months of 2008 also saw expansion into new markets: Costa Rica, Pakistan, New Zealand, Nigeria and the United Arab Emirates.

The CICB is a federal agency that, for the last 51 years, has represented around 800 leather producing and processing companies. This industrial complex employs around 50,000 people, has estimated GDP of US43.5 billion and in 2007 paid taxes of around US$1 billion. (macauhub)