Peru vs. Venezuela: the daily use products that Peruvians export

The ties between Peru and Venezuela have been closer in the last decade.  - Composition Credit Infobae/Edwin Montesinos/EFE/AFP/Andina
The ties between Peru and Venezuela have been closer in the last decade. – Composition Credit Infobae/Edwin Montesinos/EFE/AFP/Andina

In the last Peru party at one time, as part of the South American Qualifiers Heading to the World Cup in Canada, the United States and Mexico in 2026, the Blanquirroja will face the vinotinto team from Venezuela this November 21.

Just as the Peruvians have had a complicated campaign, without having scored a goal, but looking for the opportunity to win, in the same way there is a export sector in Peru that seeks to recover its golden years in shipments to the plains country. And the figures show that they are in a favorable trend to achieve it.

Over the years, Peru has taken advantage of exports from the textile sector to Venezuelaexporting more than US$300 million a year, before 2009. However, in the decade after 2010, the situation has become complicated, and not necessarily due to the pandemic.

The textile sector in Peru has had a drop in exports in Venezuela.  - Andina Credit
The textile sector in Peru has had a drop in exports in Venezuela. – Andina Credit

At the end of 2018, for example, the number of exports from the textile sector to the country was only US$3 million, according to information from PromPeru, a critical drop. In ten years the success that was being achieved with shipments to the plains country had been reversed.

However, recently, the sector has been recovering from this fall, although little by little. The president of Venezuela, Nicolas Maduro was in charge of making exchange control more flexible and allowing Venezuelan banks to receive deposits in foreign currency, a change that meant a great contribution to the sector, according to the manager of Economic Studies of the National Society of Industries (SNI), Antonio Castillo and that “helped redirect the focus on that country,” as he declared for Management. By 2022, these figures for shipments to the neighboring country have reached US$ 28 million

The merchants and Peruvian businessmen exported in large quantities, before the last decade, cotton polo shirts to Venezuela, known as t-shirts. Thus, those interested in this great Peruvian emporium view with great interest the El Cementerio shopping center, which is located in Caracas, which is where the Peruvian garments mainly end up.

Gamarra is the main emblem of the textile sector in Peru.  - Infobae/Andina/RPP Composition Credit
Gamarra is the main emblem of the textile sector in Peru. – Infobae/Andina/RPP Composition Credit

Venezuelalike Chile and Ecuador, does not have a textile and clothing industry, so our product can compete with those imported by other foreign chains,” he declared to ManagementSusana Saldaña, president of the Association Gamarra Peru.

These are some of the textile products that have been exported to the neighboring country.

  • Cotton polo shirts
  • Shirts and blouses made of synthetic or artificial fibers
  • Cotton shirts and blouses
  • Fabrics and felts
  • Knitted cotton sets.
Minister Mathews considers that exports are a fundamental part of the national economy and its economic reactivation process.  - PromPerú Credit
Minister Mathews considers that exports are a fundamental part of the national economy and its economic reactivation process. – PromPerú Credit

Javier Del Carpio, professor at the Faculty of Engineering of the University SAYin an interview with Andeansuggested the following recommendations to promote the textile industry in Peru:

  • Recognize the weaknesses of clothing companies: “Let’s keep in mind that more than 90% of Peruvian clothing companies are small businesses. This type of organization has many weaknesses that make them vulnerable. The lack of access to sources of financing, training and management are some of these limitations.”
  • Promote the association of small businesses:Encourage small companies to associate to be able to meet larger orders from foreign companies, but considering that the preparation of their products must be standardized.”
  • Promote the relationship between educational centers and companies: “an example of this relationship is being developed by North Carolina State University with its Faculty of Textiles, which, by the way, knows our reality since this university founded the textile engineering program at UNI several decades ago.”
  • Develop organic products: “If we have pima cotton of recognized quality, we can also encourage the production of organic cotton again.”
  • Promote the creation of fashion and clothing design schools: “oriented towards export markets, since the greatest value of a garment is in the design and not in the production.”

The post first appeared on www.infobae.com

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