Peruvian textile exports rise 5.7% in Jan-Nov '17

The increase in exports was mainly due to higher shipments of combed fine alpaca hair, which grew from $32.574 million in January-November 2016 to $68.271 million in the same period of last year, registering a growth of 109.5 per cent, the data showed.

Cotton t-shirt exports expanded 13.5 per cent to $135.021 million in January-November 2017, as against exports of $118.931 million in the comparable period of 2016.

Likewise, innerwear exports too grew by 17.1 per cent from $48.940 million in first eleven months of 2016 to $57.340 million in the same period of 2017, according to PromPeru.

Wool yarn exports rose 10.5 per cent during the period under review, while knitted cotton shirt shipments were up 10.4 per cent year-on-year.

In terms of export destinations, nearly 50 per cent or $571.919 million worth of textiles were supplied to the US during January-November 2017, showing a growth of 3.2 per cent over $554.047 million exports during the comparable period of the previous year.

Peru’s textile and garment exports to Brazil and Ecuador were up 19.5 per cent and 18.6 per cent respectively during the period under review to $51.333 million and $57.070 million. Shipments to Bolivia, Chile and Argentina too grew by 8.2 per cent, 7.3 per cent, and 6.3 per cent, respectively.

Textile and apparel constitute less than 3 per cent share in total Peruvian exports. (RKS)

Fibre2Fashion News Desk – India