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Central America's fabric and apparel exports to US grow
16 Aug '11
2 min read
United States' textile and apparel imports from Central America have recorded a year-on-year rise of 17 percent during the year ended May 31, according to the data of the US Office of Textiles and Apparel.
Over the past few years, the Central American region has been a leading producer of apparel for the US companies. A considerable rise has been noted in production after the Dominican Republic–Central American Free Trade Agreement became effective in 2006.
The 27 percent rise in imports from El Salvador was the highest. It exported apparel and textile products totalling US$ 1.8 billion to the US during the one year period that ended on May 31, 2011. Of these, cotton apparel constituted around US$ 1.2 billion.
Honduras was another major beneficiary in terms of rise in apparel exports. With a year-on-year rise of 20 percent, it exported around US$ 2.57 billion worth of clothing and fabrics to the US. Thus, Honduras retained its position as the leading Central American country in terms of apparel production for the US.
Apparel exports from Guatemala, the third largest fabric and apparel producer in the region, grew merely by 6.5 percent to US$ 1.2 billion. T-shirts meant for sourcing retailers like Target, Walmart and Kohl's constituted a major part of Gautemala's apparel exports.
Apparel exports from Dominican Republic rose by 8.5 percent to US$ 653 million. However, apparel exports from Costa Rica to the US declined by 15 percent to US$ 168 million.
While Costa Rica's exports of cotton intimates to the US rose by around 14 percent to US$ 95 million, its cotton socks exports dropped by around 83 percent to US$ 6.4 million.
Over the past few years, the Central American region has been a leading producer of apparel for the US companies. A considerable rise has been noted in production after the Dominican Republic–Central American Free Trade Agreement became effective in 2006.
The 27 percent rise in imports from El Salvador was the highest. It exported apparel and textile products totalling US$ 1.8 billion to the US during the one year period that ended on May 31, 2011. Of these, cotton apparel constituted around US$ 1.2 billion.
Honduras was another major beneficiary in terms of rise in apparel exports. With a year-on-year rise of 20 percent, it exported around US$ 2.57 billion worth of clothing and fabrics to the US. Thus, Honduras retained its position as the leading Central American country in terms of apparel production for the US.
Apparel exports from Guatemala, the third largest fabric and apparel producer in the region, grew merely by 6.5 percent to US$ 1.2 billion. T-shirts meant for sourcing retailers like Target, Walmart and Kohl's constituted a major part of Gautemala's apparel exports.
Apparel exports from Dominican Republic rose by 8.5 percent to US$ 653 million. However, apparel exports from Costa Rica to the US declined by 15 percent to US$ 168 million.
While Costa Rica's exports of cotton intimates to the US rose by around 14 percent to US$ 95 million, its cotton socks exports dropped by around 83 percent to US$ 6.4 million.
Fibre2fashion News Desk - India
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