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.
During the first two months of the year, the country's foreign sales totaled $1,015 million, 7% more than the amount reported for the same period in 2019, a rise that is largely explained by the behavior of manufacturing industry exports.
The manufacturing industry, including maquila, exported $974.9 million with a 6.1% annual growth, equivalent to $56.4 million more compared to the same period in 2019, reported the Central Bank.
From January to July of this year, the negative balance of trade balance was of $3.460 million, an amount 9% higher than reported in the same period of 2018.
From the Central Reserve Bank report:
Exports up to July of this year registered a total of US$3,591.3 million, US$32.2 million additional (0.9% more) regarding the same period of 2018, informed the Central Reserve Bank.
Mainly explained by the performance of the manufacturing sector, between January and September 2018 exports totaled $4.518 million, 3% more than in the same period of 2017.
The manufacturing sector, including the maquila, closed with an inter-annual growth of 3.3% exporting a total of US$4,361.4 million, US$137.5 million more than in 2017, such increase is mainly due to the good performance of the maquila that has exported an additional US$132.3 million, informed the Central Reserve Bank (BCR).
The agriculture and manufacturing sectors accounted for the year-on-year growth of 4% in exports registered in the first half of the year.
Five groups of products accounted for 57.3% of exports: Underwear, clothing and other textiles and their manufactures (US $1,167 million), machinery, other electrical apparatus and equipment (US $152.6 million), unrefined sugar (US $134.3 million), plastic manufactures (US $90.3 million) and coffee including roasted or decaffeinated coffee (US $84.3 million).
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