Home / Knowledge / News / Apparel/Garments / 'Brazil accounts for bulk of Paraguayan apparel exports'
'Brazil accounts for bulk of Paraguayan apparel exports'
12
Sep '13
Paraguayan Deputy Minister of Industry Oscar Stark has said that nearly 7 out of 10 garments exported from the country are destined for Brazil, and the apparel sector of Paraguay has been reactivated due to growth in exports to the Latin American country.
 
According to a statement issued by the Network of Investment and Export (REDIEX), the Deputy Minister said although Argentina used to be the traditional buyer of Paraguayan apparel there have been obstacles faced in the Argentine market because of which the entrepreneurs are trying to explore other markets.
 
According to the Minister, the textile manufacturing industry registered a 10 percent growth in exports to the US this year compared to 2012.
 
Volume-wise, Paraguayan apparel exports growth also exceeded 25 percent and this could be attributed to the price rise and currency devaluation in Argentina and Brazil, he added.
 
Mr. Stark explained that several Brazilian textile companies are coming to Paraguay because of the various opportunities offered by the country mainly in terms of the Fiscal Incentives Act, the Maquila Law, and the law that provides legal guarantee for domestic and foreign investments.
 
According to industrial data, Brazil now leads the ranking in most apparel exports from the country with 67 percent of total apparel exports in Freight on Board (FOB) value of US$ 12.3 million, a position which was formerly held by Argentina, which now ranks second with 19.92 percent of apparel exports from the country in FOB value of US$ 3.6 million, and Uruguay ranks third with 11.23 percent of total apparel exports from Paraguay in FOB value of US$ 2 million.
 
According to the data, around 20,000 people in the country are directly dependent on the apparel sector, of which most are women or heads of the household.
 

Fibre2fashion News Desk - India


Must ReadView All

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Karl Mayer opens new workshop in Vietnam

Textiles | On 11th Dec 2017

Karl Mayer opens new workshop in Vietnam

Karl Mayer, Germany’s leading textile machinery firm, has announced...

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Textiles | On 11th Dec 2017

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Cotton USA, which promotes US cotton fibre and manufactured cotton...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search