Imports of shoes from the Far East, including China, Hong Kong, India and Taiwan, rose by 21% to 25 million pairs of shoes generating a volume of $141.6 million in the first nine months of the year, compared with the same period last year.
The Manufacturers Association of Israel reported Sunday that in the first three quarters, some 20 million pairs of shoes valued at $88.5m. were imported from China, representing an increase of 15%. Shoe sales to the local market produced by Israeli manufacturers are expected to grow by 7% this year generating $135m. In 2006, shoe sales to the local market increased by 16% to $126m. from the previous year.
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