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Exports Increase in Terms of Volume, But Not in Terms of Value

Within the difficult economic climate that currently exists, the favourable balance of trade figures within the footwear sector provide unequivocal testimony to the strength of this industry in Spain. However, we must analyse these figures more closely in order to realise that, although foreign sales have increased at a rate of more than 10 per cent in terms of volume, there has been virtually no change with regard to their value.

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Over the first nine months of this year, Spain's footwear exports came to more than 108 million pairs, based on a value figure of more than 1,632 million euros. Thus, in comparison with the same period between January and September 2011, we can see that sales abroad increased by 10.63 per cent in terms of volume, but by only 0.08 per cent with regard to value. The average price of a pair of shoes exported in September came to 18.27 euros.

As far as imports are concerned, over the first three months of this year, Spain purchased a lower volume of footwear products from abroad, based on a value figure that was also lower. Spain purchased almost 263 million pairs of shoes from abroad over the first nine months of the year, based on a value figure of somewhat more than 1,613 million euros. In this respect, compared to the same period in 2011 Spain's exports have decreased by 13.18 per cent in terms of volume and by 8.04 per cent in terms of value. The average price of a pair of imported shoes last August came to 7.2 euros. 

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