Textile Industry, in favor of Central America

Posted by Mike Cobb on Jan 26, 2012 11:34:53 AM

As with most things in business, there are cycles and right now it looks like the cycle for textile manufacturing is swinging back in favor of Central America. Incredibly, China dropped 3% in textile exports while Central America picked up by 2.6% last year. Time lines for shipping is one factor, but cost of production is another. Wages for textile workers in China now exceeds $200 per month on average similar to Guatemala, while Nicaragua has an average of $134 per month for similar employment. Â The bottom line is that there could be a major shift in jobs from Asia to this region and Nicaragua is poised to capture a nice piece of that business boosting employment and export revenues. Â See article here

 

Mike Cobb

Written by Mike Cobb

With proven experience in international real estate development, Mike Cobb is a time-tested Industry Sage, expert and entrepreneur with a passion for helping consumers achieve a high-quality retirement.

Topics: Investing in Nicaragua