Home / Knowledge / News / Apparel/Garments / Peru's clothing exports decline 13.6% in Jan-Oct 2013
Peru's clothing exports decline 13.6% in Jan-Oct 2013
19
Dec '13
Exports of Peruvian clothing during the January to October 2013 period touched US$ 1.1 billion, indicating a decline of 13.6 percent compared to the same period last year, as per the Apparel Committee of the Peruvian Association of Exporters (ADEX).
 
According to a statement issued by ADEX, Pedro Gamio, chairman of the ADEX Apparel Committee, said this year exports of Peruvian clothing have declined but next year the prospects of exports are higher owing to the economic recovery of the major markets for Peruvian clothing.
 
According to the ADEX official, the US remained the main destination for Peruvian clothing exports, with the country exporting apparel worth US$ 522 million during the first ten months of 2013. Venezuela maintained the second position, however, Mr. Gamio said orders for Peruvian clothing declined by 40.6 percent year-on-year from Venezuela, during the period.
 
The ADEX official said clothing exports from Peru would have better prospects in 2014, owing to the revival of the US economy, as well as increased orders from Brazil and better exploitation of markets in Mexico, especially after the exclusion of duty for entry of Peruvian garments in the country.
 
Mr. Gamio said the garment industry is important for the development of the Peruvian economy, and it was necessary to not increase labor costs, in order to recover the growth rates of previous years. Enterprises operating in the apparel sector of Peru are competitive but it is essential for them to be given the environment for increasing productivity and ensure development, he added.
 
According to ADEX data, Peruvian apparel shipments to foreign countries during January to July 2013 totaled to US $ 735.5 million, which was a decrease of 16.5 percent year-on-year. The US was the main destination where Peruvian apparel worth US$ 363 million was shipped, followed by Venezuela where apparel worth US$ 148.8 million was shipped during the January-July 2013 period.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th May 2017

Maharashtra state passes State GST bill

The Maharashtra Assembly has passed unanimously the State Goods and...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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