supply chains shift away from China’s manufacturing base to the Southeast Asian nation to avoid increasing tariffs, said Bank Indonesia deputy governor Dody Budi Waluyo, reported the South China Morning Post.
In the first four months of 2019, Indonesia exported footwear worth $559.91 million to the US, up 6.7% from a year earlier. The country’s total footwear exports last year rose 6.5%, well above the 3.5% increase from 2017, according to the Indonesian Footwear Association.
Of that, exports to the US gained more than 4.7% to $1.55 billion last year, compared with the 3.5% rise in 2017, based on data from the US Commerce Department.
In contrast, shipments from China to the US, which has traditionally accounted for more than half of the US’ footwear imports, slipped % to $13.89 billion in 2018.