Affected by the spread of COVID-19, almost all countries around the world have experienced trade imbalances, and many countries have implemented relevant epidemic prevention measures, resulting in the operation of textile and garment industry factories in Central American countries facing almost no profit. .
According to U.S. government statistics, Central America’s sales of U.S. textiles in the first half of 2019 totaled US$17.593 million, but the same period in 2020 dropped sharply to only US$22.553 million, a decline of as much as 34%. Statistics indicate that Panama (-49%), El Salvador (-48%), and Honduras (-47%) experienced the largest declines, followed by Costa Rica (-30%), Nicaragua (-27%), and Guatemala (-25%).
The Nicaraguan Textile and Garment Industry Association stated that due to the impact of the new coronavirus pneumonia, which is the first in history, Central American textile companies are currently operating barely enough to make ends meet. In response to the situation, garment dealerships have The business model has also changed from store sales to online sales, but most merchants are still losing money. </p
