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Peruvian textile & apparel exports skyrocket

18
Feb '12
Textile and apparel exports from Peru registered a swift growth of 26.6 percent year-on-year during 2011.

As per the Peru's National Superintendency of Tax Administration (SUNAT) statistics, the country's textile and apparel exports touched US$ 1.98 billion during last year, up from previous year's US$ 1.56 billion.

In 2008, Peru exported garments and textiles worth US$ 2.03 billion. However, owing to global slump, its exports declined by 26.2 percent in 2009 to US$ 1.50 billion.

Peruvian apparel exports, rising at a year-on-year rate of 27.6 percent, reached US$ 1.53 billion in 2011. Venezuela, the US and other Latin American countries accounted for a 23 percent, 46 percent and 14 percent share, respectively. Shirts and T-shirts were the main apparel export items.

Peru's textile exports for 2011, registering a year-on-year rise of 23.2 percent, grew to US$ 446 million. Exports to Ecuador, Chile, Italy, Venezuela and Colombia together accounted for about 57 percent of Peru's total textile exports.

Cotton fabric, polyacrylic fibre and camel/sheep wool were the main textile export items during the year.

The period saw exports to Ecuador growing by 48 percent to US$ 63 million, that to Chile by 34 percent to US$ 42 million, Italy by 62 percent to US$ 39 million, Venezuela by 39 percent to US$ 54 million and to Colombia by 31 percent to US$ 57 million.

Fibre2fashion News Desk - India


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