Home / Knowledge / News / Textiles / Mexican textile trade surplus to double this year: CMM
Mexican textile trade surplus to double this year: CMM
20
Jan '14
The Mexican textile industry, including clothing and accessories, trade surplus is expected to double this year to 8 billion pesos from the existing 4 billion pesos, said the Committee of Mexican Fashion (CMM) at the recently held IM Intermoda event in the Mexican city of Guadalajara.
 
The CMM members hosted a special meeting during the most important event in Mexican apparel and fashion industry IM Intermoda as the event gathers everyone associated with the industry directly or indirectly.
 
According to the CMM, the textile industry of Mexico is the only sector actively engaged in the industrial sector of the country and having the potential to develop the country’s economy.
 
At the meeting, Sergio Lopez de la Cerda, president of the National Chamber of Apparel Industry (CANAIVE) and coordinator of CMM, said that within the manufacturing sector, the textile industry of the country is the third largest in production and may soon become the second largest, hence it should be given priority.
 
Consolidate data of 2013 states that the textile sector of the country had a combined annual production estimate at 144.18 million pesos, indicating a growth of 0.1 percent year-on-year, he added.
 
Mr. Cerda said that the overall Mexican textile industry comprises of 95,130 firms operating in five productive sectors, employing nearly 792,772 Mexicans, and exports amounting to 16 billion pesos and surplus totaling to 4 billion pesos.
 
Members at the CMM meeting said that in order to reach the trade surplus of 8 billion pesos in 2014, the Mexican textile industry needs to articulate its different value chains, promote competitiveness through innovation, design and technology, and position Mexico as a textile leader internationally.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Asim Dalal
Indo Count Retail Ventures

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search