Peru’s textile industry grows again, despite the threat of climate change

Peru’s cotton and wool textile industry is on a trajectory to regain full employment, according to new data released by the Peruvian government.

The textile industry, which accounts for about 8% of Peru’s economy, grew by almost 13% in the first half of the year from the year before, the ministry of industry said on Thursday.

The growth in textile production was mostly due to the increase in exports of textiles from the neighbouring country, Brazil, as well as the importation of new varieties of cotton from China.

In 2016, Peru exported $1.3 billion worth of textile goods, up from $750 million in 2015, according the ministry.

“This is an important milestone, as it marks the first increase in textile exports since the first quarter of 2018,” Peruvian textile producer Carlos de Crespo told Reuters.

“The government is now looking to accelerate this process,” he added.

“It is also important to note that the government has also initiated a new industrial policy which aims to increase textile exports by about 20% by 2020.”

Peru’s national textile industry has already seen a significant increase in export volumes over the past three years, and in 2017 it surpassed $8 billion worth to be one of the top 10 textile producers in the world.

The government hopes to boost exports by as much as 25% over the next two years.

In a recent visit to Peru, President Juan Manuel Santos announced a plan to boost textile exports to as much in excess of $1 billion by 2020.

“In the future, I am convinced that this will happen, as the number of products we export will grow in the region and our textile industry will increase dramatically,” Santos said at the time.

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