The most recent data from the Guatemalan textile production sector point to a drop in exports of around 15% at the end of this year, due to lower demand from customers in the United States, which is the main buyer, which would be associated with the effects of inflation and the measures adopted by the Federal Reserve (Fed) regarding interest rates.
With a consolidated ecosystem in the textile industry , Guatemala competes and positions itself as a strategic supplier in the “big leagues” of the sports market. From uniforms to fan apparel, products reach the NBA, NHL and MLB.
The U.S. Embassy reported that the U.S. and Guatemala committed to formalize a work plan to develop Puerto Quetzal, including additional feasibility studies, design planning and training by U.S. experts for the local infrastructure workforce.
Did you know that Americans earn up to five times more than Guatemalans just for meeting the base salary? However, a good salary is not enough either. Find out what else it takes to attract talent.
