Textile Industry: A decade of Good Numbers

Between 2010 and 2019 exports of textile companies in Guatemala reported an average annual growth of 2%, a rise that is attributed to demand from companies in the United States.

Monday, February 10, 2020

According to figures from the Bank of Guatemala (Banguat), the manufacture of clothing items was the sector that generated more foreign exchange during the past year, as revenues amounted to $ 1,397 million.

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Alejandro Ceballos, president of the Clothing and Textile Commission (Vestex), told Prensalibre.com that "... a production peak was reached which reactivated the industry and created up to 60,000 jobs."

Although sales have been rising, there are factors that do not allow local production to rise further.

Ceballos said that "... the decision of the Constitutional Court (CC) to suspend the hiring of part-time staff, forced that in Guatemala, fabrics were manufactured, but that the clothing was in Nicaragua, by labor."

According to estimates by the president of Vestex, nearly 20,000 jobs were lost because of the CC's decision.

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