Salvadoran maquila exported 25% less

Ricardo Esmahan, minister of Economy, estimates a 25% drop in the last two months of 2008.

Thursday, January 8, 2009

According to reports from elsalvador.com "Ricardo Esmahan, minister of Economy, said yesterday that exports from the sector have been affected by the drop in textile consumption, not some much in value but in volume.

Regarding the number of orders, he explained that some business owners have experienced a decrease while others say they have remained constant.



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The financial crisis in the US, a vital market for Central American exports, has reduced the demand for textiles, causing a lot of companies to close.

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