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Peru: Textile-garment exports totaled US$1.4 billion in 2018

16:51 | Lima, Mar. 18.

Peruvian textile-garment exports amounted to US$1.4 billion in 2018, thus increasing 11.5% compared to the previous year, Association of Peruvian Exporters (Adex) informed Monday.

The main destinations were the United States, Brazil, Chile, Colombia, and China. Together they accounted for 66.3% of total shipments, Handicrafts Committee Chairman Cesar Tello indicated. 

Concerning sectors, textile exports reached US$439 million last year, a 12.16% rise compared to 2017. 

Likewise, garment shipments totaled US$961 million in 2018, an 11.04% expansion compared to the previous year. 

Therefore, textile-garment exports' figures recovered for the second year in a row. 

Furthermore, Tello stressed this industry groups together 46,000 businesses. Plus, it generates 400,000 direct and 300,000 indirect jobs.

He went on to add the sector represents 1.9% of the Inca country's GDP. Moreover, between 2008 and 2017, it accounted for 10% of the manufacturing production. 

Trade war 

On the other hand, the Adex officer pointed out the trade war between China and the United States had a positive impact on Peru's textile-garments industry, since U.S. companies started to buy more products from the Latin American region.

Moreover, Peru's Exports and Tourism Promotion Board (PromPeru) underlined this industry's new challenge is to surpass US$2 billion in shipments like in previous years. 

(END) MDV/DTK/MVB

Published: 3/18/2019
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