Mexico-Colombia textile and clothing trade deficit for first time

According to a report by Mexico’s “Economist” on July 27, Gomez, coordinator of business and investment at the Mexican Export and Fashion Association (INEXMODA), said that in 2015, the textile and clothing trade between Mexico and Colombia reached 8.4 million for the first time. dollar deficit. In 2015, Colombia’s textile and clothing exports to Mexico were US$87 million, and Mexico’s exports to Colombia were US$78.6 million. The main reason for the increase in imports from Colombia is the increased demand for Colombian products in the Mexican market. In addition, the depreciation of the Colombian currency is also conducive to the expansion of exports. Before 2014, Mexico and Colombia had been in a surplus position in textile and clothing trade. Textile and clothing trade between Mexico and Colombia appears in deficit for the first time