Salvadoran Exports Grow 4% Up to August 2018

During the first eight months of the year, foreign sales reached $4.054 billion, almost 4% more than the same period in 2017.

Tuesday, October 2, 2018

From the press release of the Central Reserve Bank:

The exported merchandise from El Salvador up to August 2018 reached US$4,053.8 million, US$139.9 million more than the same period in 2017, with an inter-annual growth rate of 3.6%, reported the Central Reserve Bank.

96.3% of total exports were by the manufacturing industry (including the maquila) with an amount of US$3,905.8 million and an inter-annual growth of 3.9%. The five main sectors were: clothing manufacturing with US$1,476.4 million, food manufacturing with US$548.5 million, textile manufacturing US$362.3 million, rubber and plastic manufacturing US$209.3 million and the paper and its products manufacturing with US$187 million.

The maquila industry raised exports for US$862.4 million during the period, with an inter-annual growth of 16.7%; emphasizing textiles and clothing with US$586.2 million, within this clothing represents 96% with US$563 million. On the other hand, in the category of other products, in other words, non-textile products, US$276.2 million were exported, of which 55.5% corresponds to electronic chips with US$153.4 million. 83.4% of the maquila goods were distributed in the United States.

Read full press release (In Spanish).

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