Brazil's shoes exports recorded another drop of 3.4 percent to $250.0 million in the first quarter of 2016, with a drop in volume of 2.7 percent. Higher orders from Argentina, France and other countries could not compensate a big drop in exports to the U.S., which fell for the first time into second place after Argentina as the Brazilian industry's biggest foreign market. While exports to the U.S. fell by 22.6 percent to $37.1 million during the period, exports to Argentina increased by 9.8 percent to $39.1 million. Brazil had already suffered last year a drop of 14 percent to the U.S. in volume and value. The country's trade balance is still positive as imports grew by just one percent in value during the quarter to $100.9 million, including $56 million worth of footwear coming from Vietnam.