Venezuela Overtakes The US As The Largest Exporter Of Textiles In Peru

This year Venezuela overtook the United States to become Peru.

The largest exporter accounted for 32% of the total.

Exports to 1~9 this year

The amount is about $445 million, up 113.8% over the same period last year.

The United States used to be the largest export market for textiles in Peru, accounting for 45% of total exports.

However, the increase in imports from Vietnam and other Asian markets has also had a considerable impact on Peru.

Metis Gaia consultancy said that although the increase in Venezuela's exports has made up the cause.

The crisis has plunged into the depressed us and European markets, but too much reliance on this highly unstable and over regulated market is not sensible for local exporters.

To maintain and strengthen the achievements and development of the textile industry in the past ten years, we should actively seek new business models, new market niche and new strategic alliances in the future.

The company believes that the South American market should be strengthened, such as Argentina and Brazil, to expand the market share in these emerging markets with the advantages of tariffs.

At present, although Peru has sold garments, baby clothes and cotton polo shirts to the above two markets, the industry believes that there is great room for growth.

This year, Brazil exceeded Columbia for the first time to become the third largest exporter of garments in Peru, accounting for 5% of the total export volume.

Markets such as Ecuador, Bolivia and Columbia are also quite potential. In the future, the demand for high-quality cotton and textiles will also grow substantially.

The Bolivar Republic of Venezuela (Rep blica Bolivariana de Venezuela) is a country in the north of South America and a member of the association of South American States, the capital of Caracas.

North facing the Caribbean Sea, West to Columbia, South to Brazil, east to Guyana.

The area is 912050 square kilometers.

The coastline is 2813 kilometers long.

It was originally an Indian residence.

Columbo arrived in America in 1498.

In 1523 the Spaniards established their first colony.

It became a Spanish colony in 1567.

Independence in July 5, 1811.

The Republic was founded in 1830.

In June 28, 1974, diplomatic relations with China were established.

Venezuela is a member of the organization of Petroleum Exporting Countries and one of the major oil producing countries in the world.

The oil industry is the lifeblood of its economy, which accounts for about 80% of Venezuela's export earnings.