Home / Knowledge / News / Apparel/Garments / Peru's apparel exports drop 17% in Jan-May'13
Peru's apparel exports drop 17% in Jan-May'13
15
Jul '13
Apparel exports from Peru declined by 17 percent year-on-year to US$ 509 million, during the first five months of the current year, according to the data released by the Association of Exporters (ADEX).
 
ADEX Garments Committee president Pedro Gamio said Peruvian apparel exports are likely to be around US$ 1.6 billion this year, similar to exports of US$ 1.602 billion achieved in 2012.
 
He said the recovery in the US economy would help Peruvian garment exports to grow, but 2013 exports are unlikely to cross the 2008 figure of US$ 1.613 billion.
 
From January to May 2013, Peru’s clothing exports to Venezuela decreased by a sharp 45 percent year-on-year, while those to Brazil fell by 14.9 percent year-on-year.
 
Peru’s garment exports to the US, which continues to be the main destination, fell by 2 percent year-on-year, during the five-month period.
 
However, Peruvian woven apparel exports to Russia and Holland grew during the period, which shows the prospects of new markets.
 
Moreover, companies dealing in sportswear may find a good market in Brazil in view of the upcoming Soccer World Cup and Olympics, Mr. Gamio said.
 
He said the Peruvian companies are not producing large volumes for international buyers, but are producing smaller volumes for small and medium buyers. Although this generates growth, the total volume remains low, Mr. Gamio explained.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search