2010 Crisis Affects Mexico Apparel Market In The United States

2010/4/27 16:47:00 34

Mexico apparel

Industry

Simon Feldman, chairman of the Association (CNIV), said that the clothing of Mexico in 2009

Industry

A negative growth of 7%, the closure of 700 garment factories, the loss of about 36 thousand jobs, mainly due to the shrinking of the US market and the impact of the international economic crisis.

The director explained that the biggest impact was in February 2009, when the unemployed population in the garment industry was 8000. The garment industry has improved slightly in the second half of 2009, but the garment industry has lost 13 billion dollars due to illegal imports. It is estimated that 6 of 10 garments are smuggled or imported.

Mexico apparel

Industry

Georgina Chavez, the director of the association, said that the market for garments in Mexico was about 21 billion dollars, but the low price of smuggled imported garments was not only a blow to the clothing industry of Mexico, but also a loss of taxes and an increase in the number of unemployed people.

Exit

In 2009, the number of garments sold in Mexico accounted for about 12.6%, and 97.7% in the United States, 1-10 months in Mexico.

Exit

The US market is down about 20%.

Mexico

Spin

Fiber and garments

Exit

The total amount is about $5 billion 800 million.