El Salvador: Textile Exports Decline

The Textile Industry Association reported a reduction of almost $17 million in value exported in the first quarter of the year, compared to the same period in the previous year.

Friday, July 7, 2017

Figures from the Chamber of Textile, Apparel and Free Trade Zones (Camtex) indicate that exports from January to April totaled $816 million, down from $833 million exported in the same period in 2016.
 
See also: "The textile business in Central America Grows
 
In an article on Elsalvador.com, Patricia Figueroa, executive director of the Chamber, pointed out that "... for them the situation is worrying, since although it is true that the companies who already have a contract with El Salvador, for now, are not leaving, no new investments have been made in the country, in this category since 2009. "There is no growth and new investments are being made in other countries, not here, because we are perceived as a country where you can not predict the rules of the game, there is inconsistent legislation, increases (in the minimum wage) occur without any reflection of how they will impact on competitiveness'."
 
"... According to a report presented by Camtex, Guatemala recorded a growth of $6.4 million, equivalent to 2.7% and Nicaragua a growth of $5.2 million, equivalent to 4.7%, a positive outlook for these countries; however, El Salvador still has a lag of -2%."

Do you need more information about your business sector?

Request more information:








-->

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

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.

Salvadoran Textile Exports Up 21%

June 2010

Between January and April 2010 the country exported 21% more than in the same period of 2009.

A report from CAMTEX, the Chamber of Apparel and Textile Industries, detailed that in April 2010, Salvadoran exporters sold 20% than in the same month of 2009.

“Exports bound for Central America increased in $2.1 million”, reported the Central Bank of El Salvador (BCR), adding that exporting companies have recovered 4.336 jobs in these four months.

Salvadoran Textile Exports Would Increase by 7%

March 2009

The textile sector foresees a 7% increase in exports for 2009, despite the economic crisis.

La Prensa Grafica published on its website: "However, according to businessmen in the sector, this prospect for growth might not be met due to local bank credit restrictions, not necessarily because of the fall in demand in the North American country.

Exports of textile to US surge 12.4% from Jan to Feb

April 2008

According to data from the Department of Commerce of the United States, El Salvador registered an annual growth in export values in his bid textiles to the United States to 5.1% in 2007 and experienced a surge of 12.4% from January to February of this year in relation to same period last year.

China, by contrast (dominant country in this industry globally) for the first time since the abolition of quotas on textile trade, experienced a negative change in their clothing exports to the United States between the period January-February 2008 , said the Minister of Economy, Yolanda de Gavidia.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 28)
Brent Crude Oil
50.68
Coffee "C"
109.45
Gold
1,631
Silver
17.175