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Textile exports increase during Q1

27
May '11
The Nicaraguan Association of the Textile and Apparel Industry (ANITEC, for its acronym in Spanish) recently announced that Nicaragua exceeded its projections of textile and apparel exports during the first quarter of 2011, reaching US$272.09 million, an increase of 23.3 percent in comparison with the US$220.69 million achieved during the same period of 2010.

In regards to volume, the industry experienced a growth of 25.3 percent in the first quarter of 2011 by reaching 95.73 million SMEs, compared to 76.41 million SMEs reported during the same period in 2010.

Javier Chamorro, Executive Director of PRONicaragua, considers that exports will continue to grow as the year goes by, stating that ”this year's figures have surpassed the records of 2007 by close to 23 percent in value and 43.5 in volume”. Until now, 2007 figures represented Nicaragua's peak in textile and apparel exports, with US$222.15 million in value and 66.7 million SMEs in volume.

Items such as knitted nightgown pajamas, jackets and sleepwear, cotton dresses, baby clothing, skirts and pants, shirts, blouses, cotton trousers and undergarments have demonstrated the highest growth rates during the first quarter of 2011.

In 2010, Nicaragua became the 12th largest worldwide apparel supplier to the U.S. in volume. Apparel exports in value reached US$1,017.5 million during 2010, an increase of 14 percent versus 2009. In volume, the country exported 362.4 million SMEs, an increase of 17.9 percent over 2009.

According to statistics from the National Free Zones Commission, the free zone sector employed approximately 85,000 people by the end of 2010. The textile and apparel sector accounted for nearly 70 percent of free zone employees, reaching nearly 60,000 individuals.

Nicaraguan Association of the Textile and Apparel Industry (ANITEC)


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