Textile Exports Up 18% in Guatemala
In September, clothing and textile sales to the U.S. grew 18% over the same period in 2009.
Wednesday, November 24, 2010
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.
After a big drop in 2009, sales abroad have seen a 17.6% increase in the first half of 2010.
After nine months of consecutive decreases, textile exports finally reversed the trend, increasing 2.48% in October.
Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.
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.
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