Nicaragua: Textile Exports Grows 14%

The sector exported $552 million in the first seven months of the year, 14% more than same period of 2009.

Thursday, September 16, 2010

Businessmen rated the recovery as "moderate", because they haven't reached 2008 levels, when the sector made $554 millions in the first seven months of the year.

This recovery was similar in the rest of Central America: El Salvador reported a 21.1% increase, Honduras 13.8%, and Guatemala 8.8%. Costa Rica was the exception, as exports decreased 16.6%.

"The Nicaraguan textile sector reported that they are optimistic about this recovery, but are still alert, as they face another potential economy recession in the United States and damages in cotton plantations caused by floods in Pakistan, India and Bangladesh".

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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.

El Salvador: Manufacturing Increases Due to Vertical Integration

February 2009

The recovery in tailoring and textile exports is due to cost savings generated by specialization in niche markets and from the integration of the production line.

Data from the Central Reserve Bank indicate that, in 2008, assembly exports increased 12.5% compared to 2007. This growth was encouraged by the specialization of different businesses, which has favored the vertical integration of the sector.

Clothing exports fell for 4th consecutive year

November 2008

Exports by the textile and manufacturing sector have been in the reporting in the red for the last four years in Guatemala.

Based on business reports from the sector, the main reasons is the incursion of China in the world market for these products since 2005, and the economic crisis that is affecting the United States.

Nicaragua broadens its external meat markets

April 2008

Markets for Nicaraguan beef have increased rapidly in recent years, expanding beyond traditional buyers like the United States and Central America to the Dominican Republic, Puerto Rico, Taiwan and Venezuela. About 500 tons a month are being exported to these destinations from four local meat processors.

Venezuela is the newest market.

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