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Peruvian textile exports grew 5.71 per cent in Jan-Nov 2017

Peru's Exports and Tourism Promotion Board (PromPeru) disclosed the country’s textile exports grew by 5.71 per cent in the January-November period of 2017, largely due to higher exports of carded fine alpaca hair. Thus Peru's textile exports value increased from $1.090 billion (Jan-Nov 2016) to $1.153 billion (Jan-Nov 2017). This was the result of combed fine alpaca hair sales has seen an exponential rise of 109.58 per cent, going from $32.574 million (Jan-Nov 2016) to $68.271 million (Jan-Nov 2017).

As per PromPeru’s data, exports of undershirts and cotton T-shirts (for men and women) also contributed to the good performance of Peru's textile exports in 2017's January-November period. Thus, undershirt exports totalled $57.340 million, a 17.16 per cent rise as against the same period in 2016 ($48.940 million). Similarly, cotton T-shirt exports grew by 13.53 per cent from $118.931 million (Jan-Nov 2016) to $135.021 million (Jan-Nov 2017). In the period under analysis, wool yarn and knitted cotton shirt shipments also grew by 10.57 per cent and 10.42 per cent, respectively. The US, Brazil and Ecuador were key destinations for Peruvian textile products.

Textile exports to the US amounted to $571.919 million between January and November 2017, recording a 3.23 per cent growth as against the same period the previous year ($554.047 million). Peru's textile sales to Brazil rose by 19.51 per cent from $42.953 million (Jan-Nov 2016) to $51.333 million (Jan-Nov 2017). Textile exports to Ecuador saw an 18.61 per cent growth by rising from $48.115 million to $57.070 million. Al in all, textile exports accounted for 2.91 per cent of the country's total shipments overseas in the January-November period in 2017.