Salvadoran Textiles Export 22% Less
The sector exported $103 million in January of this year, $31 million less than in January, 2008.
Monday, March 9, 2009
An article in laprensagrafica.com reported that Jose Escobar, president of the Salvadoran Chamber of Textiles and Apparel, said, "There is a drop in exports because some US companies had to stop production since late last year due to adjustments of accumulated inventories which caused demand in the country to come to a standstill."
In the first quarter of 2009, $1.272 billion were exported, 14.8% less when compared to the same period last year.
ANEP of El Salvador calculates the trade embargo with Honduras produced $36 million in losses each day for Central America, as calculated globally.
Exports are dominated by coffee, underwear and sugar, while the country mainly imports hydrocarbons.
The sector exported $552 million in the first seven months of the year, 14% more than same period of 2009.
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