Clothing exports fell for 4th consecutive year

Exports by the textile and manufacturing sector have been in the reporting in the red for the last four years in Guatemala.

Monday, November 24, 2008

Based on business reports from the sector, the main reasons is the incursion of China in the world market for these products since 2005, and the economic crisis that is affecting the United States.

Central Bank figures show that last year that had an increase in the external sale of clothing was 2004. During the first nine months of this year, exports totaled Q1.19 billion, that is, 24% more than in 2003.

This percentage was not the same last year. Exports from the sector in 2005 where Q1.16 billion, or a drop of 1.87%. the tendency continues this year, as...



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Guatemalan Textile Exports Drop by 29%

April 2009

Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.

According to the Commission on Textiles and Clothing (Vestex) of the Guatemalan Association of Exporters (Agex-port), there were $202 million exported in January and February 2009, $84.2 million less than during the same period last year when the total was $286.2 million.

Guatemalan Textile Exports Down 15.5% in 2009

January 2010

The country exported $1.28 billion worth of apparel in 2009, 15.5% less than in 2008.

Data from Vestex, the Apparel and Textile Commission, shows that Guatemala sold $1.52 billion in 2008, and that exports have fallen 37.9% in the past 5 years.

"Alejandro Ceballos, head of Vestex, blamed the U.S. recession in 2008 and 2009, as that country is the top destination for Guatemalan textile exports", reported Prensalibre.com.

Textile Exports Up 18% in Guatemala

November 2010

In September, clothing and textile sales to the U.S. grew 18% over the same period in 2009.

According to the Central Bank of Guatemala, total exports amounted to $1.07 billion in clothing and fabrics, or $168.2 million more than last year.

"According to Garment and Textile Committee, Guatemala has specialized in sales of knit shirts and synthetic clothing for ladies and gentlemen as well as canvas pants," writes Prensalibre.com.

Guatemalan Textile Industry Lost 18,000 Jobs

February 2009

The 30% contraction in exports during the month of January affected the workforce directly with a reduction of 18,000 jobs.

Alejandro Ceballos, President of the Garment and Textiles Commission (Vestex) informed Prensalibre.com: "In five years, we have lost 60,000 jobs.

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