Salvador's import duties go online

Exporters to El Salvador will be able to pay Salvadoran import duties online under a scheme launched by the Guatemalan association of exporters (Agexport) and Banco G&T Continental.

Thursday, April 24, 2008

Besides cutting red tape, the new system should reduce the risk of robberies. Currently truck drivers have to carry cash so they can pay the duties at El Salvador's border.



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Guatemala: Export Prices Down 17%

November 2013

Low prices of the main products sold abroad caused the country's foreign exchange earnings from exports to grow by only 0.2% in September.

Data from the Bank of Guatemala shows that the value of exports was down 17%, but the volume of exports rose by 22.5%. "The value of products in foreign markets represented, from January to September, an income of U.S.

Nicaragua: Textile Exports Grows 14%

September 2010

The sector exported $552 million in the first seven months of the year, 14% more than same period of 2009.

Businessmen rated the recovery as "moderate", because they haven't reached 2008 levels, when the sector made $554 millions in the first seven months of the year.

This recovery was similar in the rest of Central America: El Salvador reported a 21.1% increase, Honduras 13.8%, and Guatemala 8.8%.

Dip in Tax Collection at Guatemalan Customs

September 2013

Between January and August 2013 $1.135 billion was raised in VAT on imports, while in the same period in 2012 the amount was $1.137 billion.

Data from the Tax Authority (SAT) shows that in terms of customs duties $157 million was collected, down by 22% compared to the $202.2 million reported in 2012.

Estimated Losses From Closed Borders is $36 Million

July 2009

ANEP of El Salvador calculates the trade embargo with Honduras produced $36 million in losses each day for Central America, as calculated globally.

For the Salvadorian textile industry in particular, the border closing meant estimated losses of $1 million in exports and 4,000 workers sat idle, according to calculations from the Salvadorian Chamber of Textile, Confection, and Free Trade Zones Industries (CAMTEX, acronym in Spanish) published in Elsalvador.com. At the same time, the organization estimates that Honduran factories lost $700,000 in exports to El Salvador.

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