Better Prices Boost Textile Sector

In the first half of the year in Nicaragua, textile companies reported a slight increase in the volume exported, mainly because of an improvement in prices paid internationally.

Wednesday, August 14, 2019

According to data from the U.S. Office of Textiles and Clothing (Otexa), between the first half of 2018 and the same period in 2019 the volume of textile and apparel exports from Nicaragua to the U.S. grew slightly by 1.2%, from 270 million to 273 million square meters.

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Compared to the volume sold, for the periods concerned the value of exports to the United States increased more, from $729 million to $840 million, equivalent to a variation of 15%. This behavior is explained by the increase in prices.

Dean Garcia, director of the Nicaraguan Association of the Textile and Clothing Industry (Anitec), explained to that "... international prices are favoring us right now, which has helped reduce the impact of falling volumes."

Regarding the variation of exports and its relationship with the crisis that the country is experiencing, Garcia said that "... the growth that is reflected today, is largely because of the drop in the volume exported last year.

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