1. Nicaraguan News reported that according to the latest statistics from the U.S. Department of Commerce’s Division of Textile Products, Nicaragua’s textile and garment industry exports to the U.S. market in the first quarter of this year reached 421.75 million U.S. dollars, higher than the previous year. In the same period last year, Nicaragua’s garment exports to the United States reached US$179.69 million, an increase of 6.54%. In March this year, Nicaragua’s garment exports to the United States reached US$179.69 million, an increase of 28.16% from US$140.2 million in the same period last year. This shows that vaccination in the United States has alleviated the epidemic and driven Demand for textiles in the U.S. market is rising rapidly, benefiting Nicaragua.
2. In 2020, Nicaragua’s garment industry’s exports to the United States decreased by US$398.2 million compared with the same period in 2019, a decline of 21.55%. Dean Garcia of the Nicaraguan Textile and Garment Industry Association said that the substantial growth in exports in March this year is an upward trend in the industrial boom. He believes that the exports of Nicaragua’s textile and garment industry this year should be better than the same period last year.
3. Pedro Ortega, secretary of the Nicaraguan Processing Zone Trade Union Federation, also said that it is expected that Nicaragua’s textile and garment exports to the United States this year will slow down due to the slowdown of the epidemic in the United States and the reduction of various restrictive measures. Commercial activities and people’s livelihood needs have returned to normal, which will lead to the growth of textile and garment exports.
4. In addition, in the first quarter of this year, Nicaragua’s total textile and garment exports to the US market reached 133.79 million square meters, compared with 132.09 million square meters in the same period last year. Square meters increased by 1.28%. Among them, the export of cotton garments reached 72.92 million square meters, with a value of US$280.4 million, an increase of 5.42%, ranking first in exports. The export of man-made fiber textiles reached 60.68 million square meters, with a value of US$100 million. $40 million grew 8.55%.
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