Garment industry in El Salvador in 2009 to develop prediction

According to the Central Bank of El Salvador (BCR) statistics, in 2008 El Salvador clothing industry exports have grown by 4.8%; and the (2009) 1 month in the total clothing export processing 100,000,000 3,000,000 U.S. dollars, declining 22.7 percent, reducing 31 million U.S. dollars, at the same time its imports of raw materials also decreased by 41%. 2009 El Salvador clothing prediction add industrial development official with the civil sector have varied.

El Salvador Economy Minister Ricardo Esmahán said that the United States because of reduced orders, garment export processing decreased, resulting in the closure of some companies; and estimate the processing of clothing exports in 2009 to reduce the 300 million 60 million U.S. dollars, representing a 30 percent decline in 2008.
However, the textile industry in El Salvador clothing Chamber of Commerce (CAMTEX) President José Escobar believes that the United States in 2008 because of some companies to suspend Order, resulting in garments export processing Salvador fell; the (2009) year in February and March garment export processing possible negative growth, However, garment processing industry is expected in April 2009 in the recovery, the main reason, although the impact of economic crisis, garment processing industry has not been interrupted Order; expectations in 2009 Q2 turn for the better, but the key factor is to maintain the Order of El Salvador and obtained bank financing or . Clothing textile industry said that 24 million U.S. dollars of funds necessary to carry out the investment and company expansion. Even though the impact of economic crisis by the United States, clothing's textile industry forecast in 2009 will grow.
Professional analysts pointed out that the garment export processing Salvador because the United States were to reduce the impact of domestic demand. Salvador in 2008 export growth rate of garment processing and 4.8% (2007 of 12%); about 6,000 people lose their jobs and the closure of four plants; in January 2009 to create 600 job opportunities.