Guatemala: Textile Exports Recover

After a big drop in 2009, sales abroad have seen a 17.6% increase in the first half of 2010.

Thursday, August 19, 2010

According to information from Vestex, the Guatemalan association of textile and apparel manufacturers, in the first six months of this year the sector's exports totaled $705.2 million, 17.6% higher than the $599.6 million exported in the same period of 2009.

Sigloxxi.com comments that, "the USA continues to be the main importer of Guatemalan textiles. In the first half of this year North Americans bought 76.7% of the country's exports, followed by the Central American region with 18.2%, Mexico with 2.3%, other countries with 2.2% and Canada with 0.4%".



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More on this topic

U.S. Textile Purchases Rebound

July 2012

After a tough first semester 2012, which saw a significantly decline in orders from the main market of the Guatemalan textile industry, the recovery began in June.

According to an article in Prensalibre.com the manager of the Garment and Textile Committee (Vestex) of Agexport, Alejandro Ceballos, said that during the first five months of the year economic uncertainty in the U.S., high international prices of cotton, and problems caused by the implementation of the new Customs Act, meant that purchase orders steadily declined.

Central American Textile Chain

October 2011

Guatemala's textile industry is changing from exporter of finished products to one that provides raw materials to manufacturers in other Central American countries.

The migration of maquila companies to Nicaragua, El Salvador and Honduras has generated an increased demand for industrial fabric and textile materials transforming the Guatemalan textile industry.

Guatemala: Apparel Exports Up 27% in April

May 2010

In April, Guatemala exported $82 million more textile goods than in the same period of 2009.

78.1% of them went to the United States, 17% to Central America and the rest to other countries such as Mexico and Canada.

Data from Vestex, the Textile and Apparel Commision, shows that apparel exports have been recovering sustainably since November 2009, after several years of negative growth.

Korean Businesspeople Abandon Guatemala

June 2009

The impact of the economic crisis in the United States has had on the textile industry has forced 15 Korean businesses to shut down operations in the country.

Currently there are 158 factories in the country, of which 92 are Korean, 55 Guatemalan, 10 American, and 1 French, according to data from the Clothing and Textile Commission (Vestex).

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