At the end of 2024, Peruvian exports of cotton T-Shirts added US $ 386 million 550,000, and recorded a growth of 17.9% compared to the exercise of 2023 (US $ 327 million 845,000), according to the Exporters Association (ADEX).
However, the amount achieved in 2022 (US $ 448 million 463,000) was not reached and is still far from the 2008 historical record (US $ 478 million 311,000).
The first vice president of ADEXCesar Tello Ramírez, emphasized the need to preserve export promoting measures in order to consolidate the recovery of these and other shipments.
He referred, for example, to the possible reduction of Drawback rate—A mechanism that returns to exporters part of the tariffs paid by the importation of raw materials used in local production – from 3% to 0.5% from August 2025.
In his opinion, this measure would affect the competitiveness of Peruvian industrialists, “who must overcome structural gaps to sell their products in the most demanding markets in the world.”
The textile sector-Peruvian clothinghe said, he must face “a fierce international competition”, national entrepreneurs must compete with their peers of Asia and Central Americathat have special economic zones and that devalue their currency in favor of their foreign trade.
Main export destinations
In 2024, the main destination of cotton T-Shirts was the United States, which demanded these products for US $ 241 million 185,000, increasing their orders by 19.2%.
It had a 62.3% participation of the total. They followed him Brazil (US $ 44 million 747,000) and Canada (US $ 28 million 989,000), with positive variations of 19.4% and 43.5%, respectively.
Other destinations were China (US $ 8 million 784,000), Chili (US $ 8 million 161,000), Germany (US $ 6 million 373,000), Mexico (US $ 4 million 882,000), Hong Kong (US $ 4 million 692,000), Argentina (US $ 3 million 398,000) and Colombia (US $ 3 million 385,000).
Among the countries that were dispatched for a figure greater than US $ 1 million, they stood out for their Belgium and South Korea dynamism, with growth of 220.6% and 97.5%, respectively.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
