Home / Knowledge / News / Textiles / Nicaragua exports over US$1 billion in textiles during 2010
Nicaragua exports over US$1 billion in textiles during 2010
09
Mar '11
The Nicaraguan Association of Textile and Apparel Industry (ANITEC, for its acronym in Spanish) recently announced that during 2010 Nicaragua surpassed its annual projections of textile and apparel exports, exceeding the one billion dollar mark for the first time in history. Nicaragua's textile and apparel exports grew by 14 percent in 2010 when compared to 2009, reaching US$1,018.1 million and confirming a vigorous recovery of the industry and over compliance of goals.

Currently, Nicaragua holds third place in the DR – CAFTA region in terms of textile and apparel export growth during 2010, preceded by El Salvador with a 26 percent increase and Honduras with 17.5 percent, while countries like Guatemala, Dominican Republic and Costa Rica follow with 4.7, 2.1, and -16.9 percent, respectively.

In terms of volume, textile and apparel exports grew by 18 percent compared to 2009, reaching 362.9 million SMEs. This growth has allowed Nicaragua to become the 12th largest textile and apparel exporter to the United States in export volume, improving from the 13th position held in 2009.

Items such as cotton dresses, jackets, coats, cotton shirts, blouses, and pants demonstrated a positive average growth between 20 – 80 percent in 2010, compared to 2009.

Dean Garcia, Executive Director of ANITEC, announced that exports are expected to grow by 10% in 2011, exceeding US$1,100 million. He stated that this year ANITEC will work to “improve the competitiveness and productivity of the industry”, and affirms that at least three existing companies will be expanding in 2011, creating around 3,000 new jobs.

There are over 65 textile and apparel companies operating under the Free Zone regime in Nicaragua, mainly segmented into apparel manufacturing (shape wear, work wear, sports uniform, etc.) and textile production (denim and twill). In 2010, Free Zone exports represented 41 percent of the country's total exports, reaching US$1,575.3 million, which represents a 28 percent growth compared to 2009.

During the past 10 years, Nicaragua's textile and apparel industry has experienced an 11 percent average growth in value and 14 percent in volume of exports. Trusted names presently operating in Nicaragua's textile and apparel industry include Target, Dickies, Gap, The North Face, Ralph Lauren, and Walmart, among others.

PRONicaragua


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anshul Sood
Oceedee

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

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

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

Wendell Rodricks
Wendell Rodricks

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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