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.

Vestex President Alejandro Ceballos told Sigloxxi.com: "Despite the fact that Honduras and El Salvador have outperformed Guatemala in apparel shipments abroad, the local maquilas are selling products with higher added value."



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More on this topic

Improved Outlook for Guatemalan Apparel Industry

April 2010

In the first quarter of the year, apparel exports to the U.S. were 30% higher than the same period of 2009.

Data from Vestex (Apparel and Textile Commision) shows that between January and March, this industry exported $294.2 million, 30% more than the same period of 2009, when it sold $225.4 million.

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.

Guatemala: Textile Exports Down 27.4%

August 2009

Up to July, $547 million worth of textiles were exported, $207 million less than the same period of 2008.

Alejandro Ceballos, president of Vestex, the Textile and Apparel Commission, remarked the loss of 60.000 jobs in the sector from 2005 onwards.

Ceballos argued this during the presentation of "the VIII Business Survey, which was conducted among 135 maquila companies ...

Textile production in Nicaraguan Free Zones drop

October 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.

According to data from the National Free Zone Commission, the reduction in exports reveals that the crisis in the textile and manufacturing sector runs deep and is also affected by the financial shock and recession experienced by the US economy.

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