According to reports in the local media, the Indonesian government may raise excise taxes on exports of unprocessed and semi-finished leather to restrict sales abroad, amid a shortage of the raw material locally. The excise taxes currently range between 15 and 16 percent. The amount of the possible tax increase has yet to be revealed. The law does not allow an export ban, but the excise tax can be increased by up to 60 percent. The leather and leather goods industry is an important sector of the Indonesian economy. In 2015, the Asian country ranked as the fourth largest shoe producer in the world, with a 4.4 percent world share, according to the 2016 edition of the World Footwear Yearbook.