![]() And now, about half a century in, we are a top denim manufacturer in India known for innovative, cost-effective and premium quality denim fabrics. Nitinkumar Bafna, we have hand-woven every piece of our success today. From humble beginnings and a vision of late Mr. We grew our love of denim into an art, a passion. It does not store any personal data.At Indotex Exports, we breathe denim. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". ![]() The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". ![]() The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. #TEXTILE EXPORTER FREE#The United States is also the main destination for exports from Nicaragua’s free zones (about three-quarters), and the origin of about a third of imports. Most of these user companies are from the United States (69), followed by South Korea (37), and Nicaragua (32). In 2019, 42.2% of user companies were located in Managua, of which around a third (74) operated in the textile and clothing sector 16.7% in the tobacco industry 14.9% in outsourced services and 11.3% in agribusiness. ![]() Nicaraguan imports of goods come mainly from the United States (almost 30% of the total in 2019), followed by China and Mexico, which also increased during the period under review.Īt the end of 2019, the free zone regime had 49 active industrial parks and 219 user companies in operation (174 in 2013), which in 1,816,680 m2 of industrial roof (1,339,760 m2 in 2013) generated 121,913 direct jobs ( 109,310 in 2013) and $ 905.41 million of added value.Īs of July 2020, the benefited population was approximately 2.2 million inhabitants. Merchandise imports from economies with which Nicaragua has preferential agreements represented 74.5% of the total in 2019. Next, mineral products are located, mainly fuels. In 2019, 96.7% of the export earnings that Nicaragua received were generated by exports to economies with which it has free trade agreements.Īs in the case of exports, textiles and their manufactures are the main Nicaraguan imports, going from 2.0% of the total imported in 2012 to 21.7% in 2019. Nicaragua exports its merchandise mainly to the United States (61.7% of the total exported in 2019) to the other members of the Central American Common Market (MCCA) and Mexico. ![]() Thus, according to the WTO, textiles and their manufactures are now the main exports, contributing 29.3% of total exports in 2019. In recent years, Nicaraguan merchandise exports have been affected by the lower international prices of the main export products, especially coffee. This was the result of a lower demand for imported non-oil goods, particularly capital goods, and the dynamism in exports from free zones, mainly from the textile industry. The lower deficit in merchandise trade was one of the key elements that contributed to the current account surplus in 2019. Nicaragua depends on international trade for its development. Nicaraguan exports have maintained constant growth in the textile sector until this industry has become the leader in foreign trade in that country, according to a report by the World Trade Organization ( WTO). ![]()
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