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Political turmoil in Nicaragua affecting apparel sourcing

The current political tumoil in Nicaragua is affecting the apparel sourcing sector in the country with 30 per cent small and medium size textile and clothing companies operating at only 25 per cent capacity. As per Chamber of Industries of Nicaragua, this has led to temporary suspension of nearly 80 per cent workers in the sector.

Import volume of yarns and textile supplies, between the first quarter of 2017 and the same period in 2018, fell 8 per cent to 32,000 tonne. Import value during this period declined 10 per cent to $127 million.

Nicaragua is seen as a shining star among the Central American counties that are part of the Central American Free Trade Agreement. This year till May, imports of textiles and apparel from the country to the US were up 9 percent in value terms $647.93 million. On volume basis, industry imports rose 9 per cent to 239.64 square meter equivalents.

 

 
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