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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Textile Industry: A decade of Good Numbers

February 2020

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.

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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Businessmen consider that 2018 will be a year with record sales for the country, as they projected exports of $1.724 million, a figure that would exceed 12% of what was reported in 2017.

Representatives of the Apparel and Textile Industry Association (Vestex) reported that they have recently reviewed the figures, and they estimate that this year the sector will have double-digit growth compared to 2017.

Guatemala: Textile Exports Resume Growth

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After nine months of consecutive decreases, textile exports finally reversed the trend, increasing 2.48% in October.

In October, sales to the U.S. summed $102 million, 2.48% more than the same month of 2008, according to data from Vestex, the Textile and Apparel Commision.

Guatemalan Textile Exports Drop by 29%

April 2009

Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.

According to the Commission on Textiles and Clothing (Vestex) of the Guatemalan Association of Exporters (Agex-port), there were $202 million exported in January and February 2009, $84.2 million less than during the same period last year when the total was $286.2 million.

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