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Costa Rican textile exports nosedive in 2006-12
08 Jan '13
1 min read
Textile and apparel exports from Central American country of Costa Rica declined sharply from about US$ 404 million in 2006 to US$ 191 million in 2012 (excluding December for which figures are yet to be released), according to data from Promotora del Comercio Exterior de Costa Rica (The Foreign Trade Corporation of Costa Rica or PROCOMER).
In fact, Costa Rican textile exports have dipped significantly since early 2000, when they reached a peak of US$ 685 million.
Although the US still remains the primary market for Costa Rican textiles and clothing, last year’s exports were nearly three times less than the exports made in 2006.
Similarly, Costa Rican textile and apparel exports to Central American countries also showed a decline in 2012.
In 2011, there were 106 textile and garment exporting companies in Costa Rica, much about the same as those existing in 2006, according to Procomer.
In the past two years, two major textile companies – Cimer and Central American Textile Company – closed down their operations.
At present, Cartex Manufacturing company is one of the leading Costa Rican exporters, which manufactures innerwear for Hanes brand.
Fibre2fashion News Desk - India
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