El Salvador's January-May exports grow by 19%

El Salvador's exports broke all records in the January-May period this year, growing at 19.4 percent compared with 2007 and totalling 1.906 billion dollars.

Friday, July 18, 2008

The Central Reserve Bank reports that the increase is due in part to the sale of non-traditional products, the good performance of the maquila sector, and the growth of coffee exports, which have brought in 50 percent more revenues than last year.
The 19.4 percent increase was a nice surprise for the Export Promotion Agency, which, according to its vice-president, Ana Vilma de Escobar, was aiming for growth of just eight percent.



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El Salvador registers 19.4 percent growth in exports

July 2008

El Salvador earned US$1.9 billion in exports January through May, a 19.4 percent increase on the same period of last year, reported the central bank, BCR.

Traditional exports contributed 11.5 percent of the total and grew at 36.6 percent year-on-year, largely thanks to increases in sales of coffee and sugar.

Less Foreign Direct Investment in El Salvador

November 2012

As of June 2012 the amount of FDI attracted by the country fell by 52% compared to the same period last year.

According to information from the Central Reserve Bank and the Agency for Investment Promotion and Export of El Salvador (Proesa), from January to June 2012 FDI was $116 million, while in the same period of 2011 it reached $242.2 million.

El Salvador's Trade deficit grows 17.2%

July 2008

El Salvador's trade deficit increased by 17.2 percent, and totalled 2.643 billion dollars between January and June of this year, the Central Reserve Bank reported Tuesday.

The bank attributed much of the increase to the increased cost of importing petroleum. The bill for the first half of the year came to almost one billion dollars, up by 48.8 percent compared with the same period in 2007.

Salvadoran Exports Up 24%

March 2011

January 2011 reported an increase of $ 407.8 million (24.6%), compared to the same period of 2010.

According to information from the Central Bank of El Salvador (BCR), traditional exports reported a 19.3% growth ($ 54.7 million).

Non-traditional exports reported 26% growth, reaching $ 220.5 million.

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