Peru's textile exports increase 12% in July 2017

17 Sep '17

2 min read

Textile exports from Latin American nation of Peru rose 12 per cent to $115 million in July 2017, compared to the same month last year, according to the data from the Central Reserve Bank (BCR). The rise in exports was driven by increase in imports by countries like China (280 per cent), Brazil (67 per cent), Ecuador (54 per cent) and the US (21 per cent).

While there was a 10 per cent increase in exports volume, price increase was 2 per cent, a Peruvian news agency report said quoting BCR statistics.

In terms of region, 41 per cent of al Peruvian textile exports were shipped to Asia, 27 per cent to South American trade bloc Mercosur, and 21.3 per cent to North America.

Peru produces one of the world's finest cotton varieties, Peruvian Pima. The country also produces 80 per cent of the world’s fine alpaca fibres.

The textile and apparel industry in Peru directly employs more than 250,000 persons, and caters to several global clothing brands such as Lacoste, Max Mara, Polo Ralph Lauren, Hugo Boss, Ragman, Armani, and others.

Peru is currently the top t-shirt supplier to Brazil and is also the second largest knitted clothing supplier, after Mexico, among Pacific Alliance countries (which include Chile and Columbia). (RKS)

Fibre2Fashion News Desk – India

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