The Lima Chamber of Commerce (CCL) reported that Peru’s textile and apparel exports to Latin America — except for Venezuela — increased by 16 percent between January and August this year.
According to CCL, this growth rate represents a significant improvement compared to the global exports’ contraction of 2.5 percent in the same period.
In view of the slow recovery of global economy, Peruvian apparel and textile companies found a good niche market in Latin America.
Latin America represents an important market for Peru’s small and medium sized companies, as it comprises 20 percent of the country’s total exports.
This analysis does not include Venezuela, due to the problems related to the issuing of certificates, which allow exporters to trade their products in that country.
Between September 2009 and August 2010, apparel and textile global exports increased by an average of one percent per month, below non traditional-exports, which grew by an average of 2.3 percent in the same period.
The CCL says this indicates the sector has started a period of slow but sustainable, recovery.