Peru's textile & apparel exports rise 7% in first 2 months

According to the Monthly Exports Data for February 2014 by SIICEX, textile and clothing exports from the country got a boost during the first two months of the current year owing to the good performance of exports, especially in the garments sector, in major markets such as the US, Venezuela, Brazil and Colombia.

Majority of the exports were destined to the US with Peru exporting textiles and clothing worth US$ 114 million during the months of January and February, registering a rise of 12.2 percent compared to the same months in 2013.

Venezuela ranked second with Peruvian textiles and clothing exports amounting to $44 million, followed by Ecuador with $12 million, and Colombia and Brazil with $11 million each.

The highest exports of textiles and clothing were made from the Peruvian capital city of Lima, accounting for 77 percent of the overall textile and apparel exports made from the country during the first two months of 2014. Arequipa ranked second accounting for 9 percent, followed by Ica with 8 percent and Callao with 4 percent.

In January 2014, textiles and clothing exports from Peru totaled US$ 130 million, registering a rise of 2.8 percent, compared to the same month in 2013, as per the Peruvian Ministry of Trade and Tourism (MINCETUR).

Last year, Peru exported textiles and clothing worth $2 billion, of which clothing shipments totaled $1.6 billion, accounting for 80 percent of the total textile and apparel exports from the country.

The US was the main destination for exports of Peruvian textiles and garments, accounting for 34 percent of the overall exports of textiles and apparel during 2013.

Fibre2fashion News Desk - India