El Salvador May Cut 15-25% of Garment Production in 2011

2011-04-29

El Salvador Textile Association (Camara de la Industria Textil, CAMTEX) said, that through December 2010, the new job growth of El Salvador’s textile and clothing industry was 10,449, and that it had recovered the nearly ten thousand jobs lost during the economic crisis in 2009. The exported textile dollar amount in 2010 was 1.51 billion U.S. dollars, a growth of 15% compared to the export of 1.314 billion dollars in 2009. El Salvador’s textile exports are 52% of its total exports. Some export items of El Salvador’s textiles are among the top ten in the world. How to compete with Asian countries in the future will be a challenge. In 2010, El Salvador invested in three textile programs with a total amount of 33 million U. S. dollars and the manufacturing plant is located in the American Park Industrial Zone. The cost of El Salvador’s textile industry went up 5 to 30% in 2010, because of the impact of electricity fee hikes of 8% that year.