Peru's textile and garment industries could grow dramatically in the near future, according to a report by the Banco Wiese Sudameris, based in Lima. Textile and apparel exports rose 57 per cent between 1994 to 2000, although Peru's economy was negatively affected by El Nino in 1998. Exports were up 21.56 per cent in 2000 to $700m, or 10.31 per cent of Peru's total exports and 66 per cent of total sales of Peru's textile and clothing industries.