Limited Credit for the Salvadoran Textile Industry

Faced with limited access to credit, the textile industry is looking to find financing abroad.

Monday, April 27, 2009

Jose Escobar, leader of the Salvadoran Chamber of the Textile Industry (CAMTEX), noted that the problem continues to be the risk analysis that is being used to evaluate them.

Lourdes Quintanilla reported the leader's statements in her article in Laprensagrafica.com: "This topic is the most difficult one for us because our industry has been misinterpreted regarding its value. The textile and clothing industry continues in the category labeled maquila, i.e. only assembling parts. This industry has made progress in the verticalization of the industry, and in offering complete packages (making garments from the first thread to packaging for sales)."

More on this topic

El Salvador: Maquila Shows Signs of Improvement

December 2009

Orders are increasing as the United States, main destination for Salvadoran textile exports, begins to recover.

Patricia Figueroa, executive director of CAMTEX (Textile and Free Zone Chamber of El Salvador), commented that an increase in U.S. orders has allowed company Fruit of the Loom to reactivate its Montecristo facility.

Salvadoran Textile Exports Rebound

October 2011

In the first eight months of the year maquila exports reported an increase in volume of 22.3% and 10.9% in value.

Data from the Central Reserve Bank shows that total exports reached $822.4 million up to August 2011.

"The executive director of the Chamber of the Textiles, Clothing and Free Zones (CAMTEX), Patricia Figueroa, said exports this year have already surpassed the levels recorded in 2008, which was considered to be an excellent year for the sector.

Nicaragua: Optimism in Textile Industry

February 2016

Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.

The main reason is the decision of the US government to extend for ten years the tariff advantages enjoyed by Nicaraguan exports to the northern country, supporting them against the entry into force of the Trans-Pacific Economic Partnership Agreement (TPP).

Rebound of Honduran Maquila Companies

August 2014

In March this year, the textile and manufacturing industries, including the manufacturers of wire harnesses and garments, grew by 3% compared to the same period in 2013.

A report by the Office of Textiles and Apparel (OTEXA), at the International Trade Administration of the United States, details the recent performance of the maquila industry in Honduras and locates the country as the fourth largest producer of fabrics in the world.

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