Guatemalan Textile Exports Drop by 29%

Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.

Friday, April 3, 2009

According to the Commission on Textiles and Clothing (Vestex) of the Guatemalan Association of Exporters (Agex-port), there were $202 million exported in January and February 2009, $84.2 million less than during the same period last year when the total was $286.2 million.

Vestex President Alejandro Ceballos told "Despite the fact that Honduras and El Salvador have outperformed Guatemala in apparel shipments abroad, the local maquilas are selling products with higher added value."

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