The Situation Of Ecuador Textile Industry Is Better In 2019.
Ecuador Business Daily reported on April 9th that the Ecuador textile exhibition was held in Guayaquil in 2019, with about 100 participating enterprises.
The turnover of this year's exhibition target is US $13 million.
Dias, chairman of the textile industry association, said that in 2018, the textile industry sales amounted to nearly 800 million US dollars.
In 2019, the situation of textile industry has improved, and sales volume is expected to increase by 7% to 10%.
Affected by the economic situation and other factors, the textile industry faced uncertainty in the first quarter of this year.
Historically speaking, the textile industry is generally depressed in the first quarter of the year.
About 20% to 25% exports per year to foreign countries are mainly exported to Latin America and the United States.
From 1 to February this year, the export of Eritrea textile increased from the same period last year.
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