Nicaraguan Textiles Lead in Central America

Between January and May sales grew by 25% compared to the same period in 2010.

Thursday, July 28, 2011

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. This increase in production is confirmation of a growth trend that has been seen for several months.

An article in Elnuevodiario.com.ni states: "Dean Garcia, executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), notes that the country is maintaining good momentum, and has emerged as a market leader due to an increase in production of new garments, like cotton jackets for boys and men, of 482% in the first five months of the year.

In addition, production has also increased in knitted textiles, cotton, man-made fibers, man-made synthetic fabrics, and garments such as dressing gowns, pajamas and underwear which saw growth in export volume of 6,914%, 5,700% and 4,215% respectively.

However, production of some products decreased, such as cotton knitted and crocheted shirts and blouses , brassieres, coats, dresses and skirts, and cotton and synthetic fiber jackets, among others. "



More on this topic

Textiles Nicaragua: More Volume with Less Value

September 2016

The sector expects to close the year with a decline in the value of exports due to low international prices, but with an increase of about 10% in total production.

Textile entrepreneurs estimate that they may end the year with close to the planned target of 500 million square meters of production, but below the $1.5 billion in export value. 

Tariff Preferences for Textiles At Risk

April 2013

The preferential system which allows Nicaraguan textiles made with raw materials from countries outside of the DR-CAFTA to enter the U.S. without tariffs will expire at the end of 2014.

"... By the end of next year the nine-year grace period given by the United States to Nicaragua will expire, a benefit known as tariff preference level (TPL) which allows the country to export clothing made from yarn and fabrics from third countries for a maximum annual volume of one hundred million square meters." noted an article in Laprensa.com.ni.

Cotton Price to Influence Textiles

November 2010

The record price achieved for cotton would increase operating costs for enterprises in 2011.

The contract for December delivery closed at $ 1.2463 a pound on Friday, versus $ 1.1971 the previous week, according to Dean Garcia, director of the Nicaraguan Association of Textile Industry. In the last three months the price has increased by 56%.

Nicaraguan Textile Industry Foresees Recovery in 2010

January 2010

The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.

Dean García is the president of the Nicaraguan Textile Industry Association (Anitec). He identifies two key elements in this recovery: improvement in the U.S. economy and new markets like the European Union and Canada.

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