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 Elnuevodiario.com.ni 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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Crisis Causes Delays in Customs

September 2018

The business sector in Nicaragua has denounced the fact that customs control processes for goods are taking longer than normal, due to the fact that the authorities are carrying out "security" inspections.

Before the start of the socio-political crisis, the risk management system, whose function is to determine how much imported merchandise should be inspected, operated at random and inspected 20% of total purchases coming from abroad. However, in recent months authorities have chosen to inspect all of the merchandise, generating significant delays at customs enclosures.  

Tariff Preferences for Textiles At Risk

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The preferential system which allows Nicaraguan textiles made with raw materials from countries outside of the DR-CAFTA to enter the U.S. without tariffs will expire at the end of 2014.

"... By the end of next year the nine-year grace period given by the United States to Nicaragua will expire, a benefit known as tariff preference level (TPL) which allows the country to export clothing made from yarn and fabrics from third countries for a maximum annual volume of one hundred million square meters." noted an article in Laprensa.com.ni.

Nicaraguan Textiles Lead in Central America

July 2011

Between January and May sales grew by 25% compared to the same period in 2010.

The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.

With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million.

Nicaraguan Textile Exports Recover

March 2011

In January, textile exports under free zone regime grew by 26.3% in value compared to January 2010.

According to information from the Nicaraguan Association of Textiles and Apparel (Anitec) during the same month last year the increase in volume was 25%, totaling 25.6 million square meters (unit of measurement for clothing), figure which even exceeds the January 2007 exports (21.2 million square meters) before the financial crisis.

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