Honduran maquilas betting on Europe

The main market for Hondura maquilas is the US, however, because of its strength of the sector the objective now is to venture immediately into Europe.

Wednesday, May 21, 2008

This is the proposal presented by a mission from the Honduran Maquila Industry (IHM) to their peers in Guatemala, Nicaragua, Costa Rica and El Salvador at a recent meeting held in El Salvador.

More on this topic

Projected Increase in Export of Car Wiring Systems

August 2012

As of July 2012, Honduras received $223 million in foreign exchange from exports of vehicle wiring systems, and expects to close the year at $450 million.

The director of the Honduran Maquila Association, Guillermo Matamoros, said the industry is stronger, both in terms of currency generated and in the number of jobs created, now in excess of 12,000.

Honduran Sock Exports Double

December 2009

Socks exports to the United States will reach $5.4 million by the end of the year, 101% more than 2008, when $2.7 million were sold.

"Honduras textile industry improved in this segment, despite the fact that total textile and apparel exports to the U.S. fell 7%", commented Guillermo Matamoros, director of the Honduran Maquila Association (AHM).

Honduran Maquila Exported $800 Million

August 2009

From January to July, the textile industry exported $800 million, in spite of the global economic crisis.

Guillermo Matamoros, textile businessman, informed that the industry employs 110.000 people.

Further comments by the entrepreneur were published in honduran newspaper La Prensa: "It is said that a recovery for the U.S.

Exports by Honduran maquilas worth $1 billion

August 2008

The amount is higher that those of the same period from March to May of last year.

According to figures from the Honduran Maquila Association (AHM), during the first five months of this year they managed to export $978,023,000.00, compared to the $950 million from the same period last year.

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