Costa Rica: 68% Drop in Textile Exports

In the past nine years, foreign sales of textiles decreased from $ 729 million to $ 234 million.

Monday, November 29, 2010

According to the Foreign Trade Promoter, in the late eighties the sector employed 30.000 people, while today it currently employs only 8.000.

Miguel Schyfter, president of the National Association of Textile Exporters, "announced that the country will focus on attracting polyester production firms. One of them, he explained, may soon come and settle in a less developed area, the city of Puntarenas,” Nacion.com reported.



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More on this topic

Fall of Costa Rican Textile Industry

January 2013

In 2000, exports reached a peak of $685 million, then fell steadily to about $200 million in 2012.

In addition last year saw the completion of the close of two large textile companies: Cimer (Levi's) and Compañía Textil Centroamericana (Olympo Crown).

Elfinancierocr.com reports that "The primary market remains the United States, but last year nearly three times less was shipped than the 2006 shipments.

Guatemala: Textile Exporters Regain Levels

February 2012

Businessmen say that clothing and textiles have regained the export levels of pre 2008-2009, when sales plummeted by 30%.

The president of the Garment and Textile Committee (Vestex), Carlos Arias, said that in 2008 and 2009 the industry saw sales drop by 30%. This meant that 15,000 people lost their jobs.

Nicaraguan Textile Exports Recover

March 2011

In January, textile exports under free zone regime grew by 26.3% in value compared to January 2010.

According to information from the Nicaraguan Association of Textiles and Apparel (Anitec) during the same month last year the increase in volume was 25%, totaling 25.6 million square meters (unit of measurement for clothing), figure which even exceeds the January 2007 exports (21.2 million square meters) before the financial crisis.

Honduras: Textile Exports Up 20%

August 2010

Exports of textiles to August rose 20% relative to the same period of 2009.

The director of the Honduran manufacturing industry association AHM, Guillermo Matamoros, commented that in addition to the return of 13,000 jobs in the textile sector so far this year it is hoped that by the end of the year 20,000 jobs will have been created.

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