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...
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.