Despite recession, US continues to be a good market for Central America

The chief economist at the Central American Bank for Economic Integration (BCIE), Pablo Rojas, said that the regions possibilities for export to the United States continue to be favorable despite the economic recession that is affecting the country to the north.

Thursday, October 16, 2008

"Exports to the United States have continued to grow at the same rate as in 2007 according to the latest data from sources in United States as well as from Central America," he said.
In his judgment, what should be done in Central America is to look for market potential to generate more exports, especially now due to the impact of the American recession.



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More on this topic

Salvadoran exports to the US increase 9.8%

October 2008

Despite the contraction of the American economy, Salvadoran sales to said market continue to grow.

According to the Department of Economic Studies and Statistics of the Central Reserve Bank of El Salvador (BCR), exports to the United States increased 9.8% during the third quarter of the year in relation to the same period in the previous year, while sales to Central America grew 27.3% annually.

Salvadoran exports increase despite crisis

September 2008

Exporter and the government expect that demand will not dry up due to the global situation.

The president of the Salvadoran Corporation of Exporters (Coexport), Vilma Calderon, explained that this behavior is rare. "Exports have not fallen at all, instead they have increased by 20% as of August, they are three times the growth rate for 2007 when we grew 7.5%.

Costa Rican exports depend less on the United States

August 2008

The marketing of Costa Rican goods in the US went from 47% of country's total exports in 2003 to 35% in 2007.

Products such as medical equipment for IV infusions, gold coffee (top quality), pineapples, and foods such as breads, sauces, etc., continue to sell in the EU, but their sale is now stronger in Asia, Central America and even the European Union, according to information from the Foreign Trade Promoter (Procomer).

Guatemala's exports to the United States increase

June 2008

In the first three months of this year, Guatemala exported 849.77 million dollars worth of goods to the United States, an 11.71 per cent increase over the same period of 2007, despite the prospect of a slowdown in the U.S. economy.

However, as the experts predicted, not all products shared in the growth. Some, like agricultural products, did well and others, like manufacturing, did poorly.

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