Exports & imports textile export Textile Industry The Nicaraguan Apparel & Textile Manufacturers Association exports increase in exports textile Dean García International Commerce Textile industry exports increase Asociación de la Industria Texil de Nicaragua Bank of Guatemala CAFTA-DR CAFTA-DR implications

More Volume and Value in Textile Exports

In 2011, Nicaragua increased its exports of textiles to over $1.35 billion, 33% more than in 2010.

Monday, February 13, 2012

The increase in export volume was 13%, going from 362.9 million square meters in the year 2010 to 410.1 square meters in 2011.

"According to a report published by Anitec, despite having surpassed the export target of $1.3 billion, during the fourth quarter a slowdown in the rate of monthly growth was registered, 'which was caused by the implementation of a strong policy of inventory management, the effect of conservative behavior of stores and brands, in response to the phenomenon of a potential crisis in the European Community '," reported Laprensa.com.ni

Source: laprensa.com.ni

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Key entities

The Nicaraguan Apparel & Textile Manufacturers Association

Countries

Nicaragua

Insight

increase in exports exports textile export exports Exports & imports International Commerce Textile Industry

Guatemala: Textile Exporters Regain Levels

February 2012

Businessmen say that clothing and textiles have regained the export levels of pre 2008-2009, when sales plummeted by 30%.

The president of the Garment and Textile Committee (Vestex), Carlos Arias, said that in 2008 and 2009 the industry saw sales drop by 30%. This meant that 15,000 people lost their jobs.

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.

Record Exports for Nicaraguan Textile Industry

February 2011

In 2010, Nicaraguan textile companies operating from free zones shipped a record figure of $1,018 million.

According to Anitec, the association which represents these companies, the figure implies a 14% increase when compared to 2009 and a 8% increase if measured up against 2008 (formerly considered the best year ever).