Guatemala's Textile Industry on the Rise

Guatemalan clothing and textile exports reached $1,130 million between January and November 2011, which slightly exceeds the revenue generated by coffee, which amounted to $1,110 million in the same period, reported the Bank of Guatemala (Banguat).

The foreign exchange generated by exports up to November 2011 added up to approximately $9,400 million, an increase of 25.2 percent compared to the same period last year, when the figure was about $7,500 million, reported newspaper El Periodico on its website.

The 5 products generating the most revenue were clothing, coffee, gold and silver, sugar, and bananas. According to Banguat, these products account for 42.8 percent of total export earnings.

Source: elperiodico.com.gt

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