Peruvian garment exports have declined cumulatively in the past period
Recently, the Lima Chamber of Commerce in Peru announced that in the past three years, Peruvian garment exports have declined by 17.4%, mainly due to the impact of the global economic crisis and competition from the garment industries of India, Bangladesh, Pakistan, Nicaragua, Guatemala and other countries. , resulting in the lack of competitiveness of Peruvian garment products, with losses of at least US$700 million in three years, and urgent government support.
Posada, head of the Lima Chamber of Commerce, said that garments are an important part of Peru’s manufacturing industry and one of the driving forces for job creation. If Peruvian export companies do not improve product quality, the downward trend will continue. At present, the focus should be on improving the quality of Peruvian cotton fabrics through scientific research. Peruvian garment exports have declined cumulatively in the past three years
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