The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.
With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million. This increase in production is confirmation of a growth trend that has been seen for several months.
An article in Elnuevodiario.com.ni states: "Dean Garcia, executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), notes that the country is maintaining good momentum, and has emerged as a market leader due to an increase in production of new garments, like cotton jackets for boys and men, of 482% in the first five months of the year.
In addition, production has also increased in knitted textiles, cotton, man-made fibers, man-made synthetic fabrics, and garments such as dressing gowns, pajamas and underwear which saw growth in export volume of 6,914%, 5,700% and 4,215% respectively.
However, production of some products decreased, such as cotton knitted and crocheted shirts and blouses , brassieres, coats, dresses and skirts, and cotton and synthetic fiber jackets, among others. "
Source: elnuevodiario.com.ni
More on this topic
November 2010
The record price achieved for cotton would increase operating costs for enterprises in 2011.
The contract for December delivery closed at $ 1.2463 a pound on Friday, versus $ 1.1971 the previous week, according to Dean Garcia, director of the Nicaraguan Association of Textile Industry. In the last three months the price has increased by 56%.
January 2010
The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.
Dean García is the president of the Nicaraguan Textile Industry Association (Anitec). He identifies two key elements in this recovery: improvement in the U.S. economy and new markets like the European Union and Canada.
June 2008
Applying the "country of origin" clause, clothing made in Central America from Mexican textiles will not be subject to U.S. import duties.
The measure, negotiated in 2003, allows U.S. imports of up to 100 million cubic meters per year of clothing made in Central America with Mexican textiles, under the country of origin clause.
September 2011
The country is planning two trade missions for next year to publicize its advantages as an investment destination.
The executive director of the Investment and Promotion Agency ProNicaragua, Javier Chamorro said that goal during the missions is to visit garment factories.
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