Textile Sector Begins 2019 Upwards

During the first two months of the year, exports of the Guatemalan textile sector registered a 4% year-on-year increase, which is explained by demand from U.S. companies.

Monday, April 8, 2019

According to the most recent figures from the Bank of Guatemala, between the first two months of 2018 and the same period in 2019, overall exports fell from $1.808 million to $1.751 million.

In contrast to the general decline in foreign sales, for the periods concerned exports of clothing items rose by 4%, from $222 million to $230 million.

You may be interested in "Clothing: Record Imports in 2017"

Alejandro Ceballos, president of the Apparel and Textile Commission (Vestex), explained that "... factories maintain purchase orders for U.S. customers, which would be linked to increased consumption in that market.

Ceballos added that "... It's a positive thing that we've been seeing in the last six months and the industry is working very hard to meet purchase orders. In addition, there is an immediate response to cover the orders.

The sector expects that during 2019 the growth of exports will remain in two digits, as in 2018 the year-on-year increase was 13%.

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