Textile Industry garment-production Costume and Textiles Guatemalan Commission (Vestex) maquiladora apparel commodities commodities prices textile Bank of Guatemala Exports & imports Fabric Guatemalan Association of Small and Medium-sized clothing manufacturers exports shortage textile export

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...

Source: sigloxxi.com

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Goods

commodities apparel

Key entities

Bank of Guatemala American Guatemalan Chamber of Commerce Carolina Castellanos Karin de Reyes Costume and Textiles Guatemalan Commission (Vestex)

Countries

Guatemala China United States of América

Insight

maquiladora commodities prices exports decline Textile Industry

Textile Sector Begins 2019 Upwards

April 2019

During the first two months of the year, exports of the Guatemalan textile sector registered a 4% year-on-year increase, which is explained by demand from U.S. companies.

According to the most recent figures from the Bank of Guatemala, between the first two months of 2018 and the same period in 2019, overall exports fell from $1.808 million to $1.751 million.

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 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.

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.