Home / Knowledge / News / Textiles / Exports of textile & garments maintain steady growth
Exports of textile & garments maintain steady growth
16
Jul '08
Apart from being ranked as one of the 15 lowest-cost producer countries in the world, Peru's textile industry has a host of other advantages. High quality of raw material availability, duty-free access to US markets, low cost of production, proximity to North American markets and vertical integration have all gone a long way in strengthening the exports of the country.

The total textile and garment sector of Peru recorded a growth of 19.9 percent in 2007 when compared to 2006. Total exports out of Peru amounted to US $1,718 million in 2007 in contrast to $1,433 million in 2006.

The top ten countries including USA accounted for the lion's share of exports amounting to $1,509 million which is 87.83 percent of all textile and garment shipments.

Exports to USA topped with $ 825 million in 2007 evaluated against $841 million in 2006, a miniscule negative growth rate of 1.9 percent but accounting for nearly 48 percent of all shipments. Venezuela came second with shipment totaling $403 million compared to $178 million in 2006, a stupendous growth of 126.3 percent.

Exports to Colombia, Chile and Italy followed with $52 million, $50 million and $50 million respectively. Growth in exports to Italy reached 44.4 percent over 2006. Ecuador with $35 million, France $27 million, UK $24 million, Spain $23 million and Germany with $21 million made up the rest of the top ten importing countries from Peru.

Exports to countries other than the above totaled $209 million dollars compared to $175 million in 2006 a growth of 18.8 percent.

Apart from USA, two other countries registered negative import growth rates. Ecuador with 0.5 percent and Spain with 4.8 percent.

In keeping with the present scenario, the textile industry of Peru is likely to undergo massive development in due course of time provided the cost of production remains as conducive as during the existing circumstances.

Click here to view data.


Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Claudia Kersten
Global Organic Textile Standard

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

Nuno Venda
ROQ

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

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