Nicaragua’s textiles exports rose 12.8% in the first half of 2010, helped by recovering demand from the US, though forecasts for the remainder of the year remain choppy – with the Central American region offering a similar picture.
According to trade lobby Asociacion Nicaraguense de la Industria Textil y Confeccion (Anitec), the industry exported $461m worth of textile and apparel compared to $408m in the same 2009 period.
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But Anitec is not yet celebrating. It said January-May exports grew 13% so the six-month increase was slightly weaker.
“Our key markets are recovering slowly so we can only conclude that our growth is moderate since we haven’t yet reached or 2008 export levels, ” Anitec said in a statement.
In the first half of 2008, exports totalled $473m, the lobby said. Anitec offcials said it was too early to predict whether export volumes will outpace 2009’s as the strength of the US economic recovery remains uncertain.
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Despite its lukewarm analysis, Nicaragua’s performance outperformed the rest of Central America except El Salvador where January-June exports soared 18.7%.
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