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$1 billion Nicaraguan textile industry ranks number three in Cafta region

Wednesday, March 9, 2011

Nicaragua surpassed its annual projections of textile and apparel exports, exceeding $1 billion for the first time in history. Currently, Nicaragua holds third place in the Cafta region in terms of textile and apparel export growth during 2010, preceded by El Salvador with a 26 percent increase and Honduras with 17.5 percent.

Some 65 textile and apparel companies operate under the free zone regime. During the past 10 years, Nicaragua’s textile and apparel industry has experienced an 11 percent average growth.

Original source: Fibre2fashion