El Salvador 2014: Exports from Industrial Sector

The Salvadoran Industry Association has unveiled the details of the sectors that exported last year, highlighting the sales of textiles, food and drink.

Thursday, April 23, 2015

From a statement issued by the Salvadoran Association of Industrialists (ASI):

The Salvadoran Industry Association, ASI, presented the 5th edition of Industrial Ranking for the year 2014, which reveals details of the sectors that exported during the last year. It also includes the financial sector, highlighting the Bank's credit granted to industry.

Doris Rivera, Manager of Industrial Intelligence reported that in 2014 export assets amounted to 1,474 exporting companies, of which 79% exported individually an amount less than $1 million. 15% reported exports of between $1 and $9 million and 4% exported amounts of between $10 and $24 million. In other words, 98% of companies exported less than $25 million individually.

"Last year, only 11 companies exported amounts of between $50 and $175 million. While only three companies exported amounts greater than $175 million each. These three companies we call as the exporting triplet 2014, " De Rivera said.



More on this topic

El Salvador: Coffee Exports Up 18%

May 2015

Between October 2014 and April this year 499,000 hundredweight have been exported, generating revenues of $100 million, 18% more than in the same period of the previous harvest.

From the Salvadoran Coffee Council:

According to preliminary figures from the Salvadoran Coffee Council, the cumulative export volume of coffee corresponding to the period 2014/2015 October / 14 to April / US, amounted to 499,415 hundredweight, with a total income of $99.55 million and an average price of $199.33 per hundredweight. The exported amount represents an increase of 17.6% in volume and 54.1% in value compared to the same period last year. Last year in the seven month period 424.792 hundredweight was exported, worth $64.61 million, and had an average price of $152.10 per hundredweight. Differentiated coffees are providing great support to exports in terms of increase in revenues.

El Salvador: Exports Down 16% in January

March 2014

The conflict over charging for non intrusive inspections at borders has negatively affected exporters.

In January there were exports for $402.8 million, 16% less than the amount reported in the same month in 2013, when $477.9 million worth of goods was sold abroad, according to the Central Reserve Bank (Banco Central de Reserva).

Industrial Exports Stalled

October 2012

The Salvadoran industry sold $3,649,000 worth of goods between January and August 2012, 0.5% less than in the same period in 2011.

The decline occurred despite a 8.5% increase in export volumes, which reached 2.009 million kilograms, 158 million more than in the previous year.

Slight Recovery of Salvadoran Industry

December 2010

Despite adverse economic conditions the industry has managed to grow 1.27% this year.

Details given by the Salvadoran Association of Industrialists (ASI), indicate the area which have rebounded the most is textiles, while construction closed with a negative -5.4%.

Elsalvador.com reported statements from Javier Siman, president of the ASI, indicating that industry remains stagnant and has not grown as expected.

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