Peruvian textile & apparel exports touch $130mn in Jan'14

According to a statement issued by MINCETUR, Minister Magali Silva said Peruvian exports of textiles and apparel grew during the month of January after 14 months of decline, and exports from the sector are expected to have better prospects during the year.

The Peruvian Minister was speaking during the presentation of Peru Moda and Peru Gift Show 2014, scheduled to be held from April 9 to 11, in the Peruvian capital city of Lima.

Ms. Silva said there is need to increase competitiveness and reduce costs in order to revive the Peruvian textile and apparel sector, and the country has the potential, raw materials as well as manpower to develop the sector.

According to MINCETUR, the US and Venezuela were the main destinations for exports of Peruvian apparel and textiles, with Venezuela accounting for 62.2 percent and US accounting for 15 percent of the overall textile and clothing exports from the country during the month.

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