Guatemalan Textile Exports Drop by 29%
Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.
Friday, April 3, 2009
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.
In the first quarter of the year, apparel exports to the U.S. were 30% higher than the same period of 2009.
The country exported $1.28 billion worth of apparel in 2009, 15.5% less than in 2008.
Up to July, $547 million worth of textiles were exported, $207 million less than the same period of 2008.
Income from textile exports dropped in August 2008 compared to the same month in 2007, from %96.5 million to $74.5 million this year.
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