The textile industry in Argentina has developed in parallel with the economic growth of the country.

As per INDEC, 1.360 new companies were set up in the first six months of 2005 in this industry. This number represents 10% of the total number of new businesses in the domestic industry that year. Moreover, investment in capital goods and production equipment amounted to $1.25 billion.

Textile exports, between January and September 2005, hiked by 4.6% YOY, amounting to US$359 million. Likewise, imports amounted to US$683 million, 21.3% higher YOY 2004.

In clothing and garments, lingerie comprises some 3000 businesses with an aggregate turnover of $1.6 billion in the Socks (for men, women and children), Hosiery (panty-hoses, ¾ socks, mini-socks, socks, etc.), Lingerie (homewear, brassieres, panties, etc.), Bathing Suits (for men, women and children) and Men’s Underwear (boxers, briefs, pajamas, etc.).

The favorable positioning of this sector in the new economic context is directly related to the following: The remarkable creative capability to design, the heterogeneous development of products, brands of domestic and international recognition and the prestige that Argentina as a country that is a benchmark for fashion and design throughout Latin America has. 

Positive Aspects of this Sector

• Argentina has exclusive natural fibers.
  
  
• Cotton spinning plants meet world-class international standards.
  
  
• Sizable investments in machinery and technology. 
  
  
• Skilled labor with a high degree of handicraft effort content.
  
  
• There are more and more university courses and higher studies related to this sector.
  
  
• Increasing numbers of fabric items for different products and high creative capacity.
  
  
• Designers with international recognition.
  
  
• Stores opening in Europe, the US and Asia to market new designs.
  
  
• National Design Plan launched.