The textile industry of Ecuador is good in 2019
Ecuador's "Business Daily" reported on April 9 that the Ecuadorian Textile Exhibition was held in Guayaquil in 2019, with about 100 industry companies participating. The target turnover of this year's exhibition is 13 million US dollars.
Dias Textile Industry Association President Diaz said that in 2018, the textile industry sales of nearly 800 million US dollars. In 2019, the situation in the textile industry was good, and sales are expected to increase by 7% to 10%. Affected by economic conditions and other factors, the textile industry is facing uncertainty in the first quarter of this year. Historically, the performance of the textile industry in the first quarter of each year has generally been sluggish.
About 20% to 25% of U.S. textiles are exported to foreign countries each year, mainly to Latin America and the United States. From January to February this year, the export of textiles in Ecuador increased compared with the same period of last year.