Mexico’s textile industry has seen its exports grow over 12% in the first six months of the year compared to 2017, new figures show, as employment in the sector increases.
In the six months from January to July 2018, textile exports reached US$679.4m, from $606.4m a year earlier, representing growth of 12.04%, figures from Mexico’s National Chamber for the Textile Industry (Canaintex) show. Compared to 2009, exports have soared nearly 80%.
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North America was Mexico’s largest export market, with sales to the country reaching $455.6m in the first half. Central America is its second largest market with sales of $142.3m, followed by Colombia with sales of $26.4m. Mexico also exports textiles to Asia and Europe, which accounted for $25.1m in the January to July period.
Meanwhile, Mexico imported the most textiles from North America, worth $1.78bn, followed by China at $666.1m, and the Rest of Asia at $183.2m.
In the six month period, Mexico employed around 137,145 in its textile sector, up 3.7% on the prior year. This compares to 103,748 in 2012.
According to an overview of Mexico on re:source, the new online strategic planning tool from the team behind just-style, the country is a top-ten supplier of apparel to the US market. Full CMT and Maquila programmes exist in the country. High integration with US apparel brands via NAFTA trade benefits. Government fiscal policies have helped to stabilise the Mexican economy after previous years of high indebtedness and government mismanagement.
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