Italian Footwear Exports Hit Record $16 Bn in 2023

Italian Footwear Exports Hit Record $16 Bn in 2023
 Italy is the world's 3rd biggest exporter of footwear items. Italian leather footwear is popular among the global market. Last year, Italy's footwear exports went up by 21%. According to Italy import export data, the footwear exports of the country hit a record $16 billion. Italian footwear items saw huge demand from European and US markets. 

France was the top importer of footwear items from Italy accounting for around $2.5 billion during FY 2023. Whereas, USA's footwear imports from Italy reached $1.6 billion in the past year. The fastest growing markets for Italian footwear exports were Germany, China, Spain and the United Kingdom. 


Also, there was notable growth seen in the footwear exports to the Netherlands and Poland.  As per Italy export data, footwear exports across the Netherlands and Poland were estimated to be $440 million and $351 million respectively. In terms of leather footwear exports, Italy exported over $7.5 billion worth of items in 2023. It was the 10th most exported product of Italy. 


France and the United States were the two leading markets for Italian footwear items with exports worth around $1.4 billion and $1.1 billion respectively. Among the fastest growing markets for Italian leather exports were Germany, China and Switzerland. Louis Vuitton Malletier, Fischer Sports, Valentino, Fendi and Ferragamo were the top footwear export companies from Italy. 


On the other hand, Italy's imports of footwear were $8.2 billion in FY 2023 with a decline of 1%. According to Italy import data, China was the leading footwear importer from Italy with over12% market share. In 2023, China's footwear imports were estimated to be $1 billion.  Italy has raised its footwear imports from Belgium ($903 million), France ($818 million), Netherlands ($738 million) and Romania ($711 million).


Geox, Wolverine Worldwide, Autry International, and New Balance Athletic Shoes are some of the prolific Italian footwear export companies. The latest Italy customs data reports show the country's luxury footwear exports to be $2 billion this year. The United States was the biggest buyer of Italian luxury footwear with exports worth around $784 million in 2024.


Germany, Spain and the Netherlands were notable buyers of Italian luxury footwear. The expert forecasts show that Italy's leather market could reach $4.5 billion by the end of 2024. Foreseeing rising Italian footwear demand from the USA, the exports could reach $9 bn in 2024. By the end of 2028, the Italian footwear market could grow up to 205 m pairs. 


Being known for the high quality, durable and enticing designs, Italy's footwear exports will further rise this year. Global import export data provider is the most efficient way to reach the international market and fulfil your company goals. It gives brief insights over the global footwear market, top trading countries, trending companies, their shipping volumes, and potential buyers. 


It gives essential information such as product price, quantity, consumer behaviour, audience segments, financial risk and future trade forecasts. In today’s world, data is the key. Italian businesses can extend their reach to more diverse markets and contact buyers with trade intelligence offered by data.

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