NewsWhore
08-13-2008, 02:50 PM
The export of apparel manufactured or assembled in the Dominican Republic fell 12.7% in volume exported and 25.5% in the value of the exports for the first six months of the year. The fall in the sale of apparel also reflects some of the diversification that is taking place in the industrial free zones nationwide. Today, the business mix of Dominican free zones is much more diverse. From 60% apparel years back, apparel companies now only make up 32% of free zone companies. Others are health products at 18.4%, electric products at 16.6%, jewelry at 14.5% and services at 13.1%. Tobacco products (primarily cigars), footwear and marketing services make up the rest.
According to the latest report from the Major Shippers Report, the Dominican Republic exported 180.7 million square meters of apparel to the US market during the first half of the year, a 12.7% decrease from a year ago. (Costa Rica also registered a loss of 21.7%).
The report also states that on a worldwide level there was a 3.84% fall in volume and a 4% drop is value in the textile trade. Of the countries associated with the DR-CAFTA agreement, only Honduras, El Salvador and Nicaragua increased their textile exports. Of interest to the sector is the fact that the report states that China faced increasing workers' demands for higher wages, and saw their volume and value fall, although by only 7% and 6% respectively.
More... (http://www.dr1.com/index.html#8)
According to the latest report from the Major Shippers Report, the Dominican Republic exported 180.7 million square meters of apparel to the US market during the first half of the year, a 12.7% decrease from a year ago. (Costa Rica also registered a loss of 21.7%).
The report also states that on a worldwide level there was a 3.84% fall in volume and a 4% drop is value in the textile trade. Of the countries associated with the DR-CAFTA agreement, only Honduras, El Salvador and Nicaragua increased their textile exports. Of interest to the sector is the fact that the report states that China faced increasing workers' demands for higher wages, and saw their volume and value fall, although by only 7% and 6% respectively.
More... (http://www.dr1.com/index.html#8)