El Salvador: Exports Up 13% in February 2018

Exports of goods grew by 13% compared to the same period in 2017, and the increase was mainly explained by sales abroad made by the maquila sector and the food industry.

Wednesday, March 28, 2018

From a statement issued by the Central Reserve Bank:

March 27, 2018 El Salvador's exports of goods accumulated US $988.8 million as of February, generating additional income to the country amounting to US $111.3 million, that is to say, a year-on-year growth of 12.7% compared to the same period in 2017, reported the Central Reserve Bank.

In the first two months of the year, positive results were highlighted in 23 of the 32 branches of the economy that present records according to the Industrial Classification International Standard, Revision 4 (ISIC Rev. 4), with the highest contributions being: a) maquila manufacturing industry (US $42.3 million extra), b) production of food products (US $32.7 million extra), especially for the sugar included in this category; and c) clothing (US $21.9 million extra). These three branches constituted 60.5% of total exports as of February 2018. 

Read full report (in Spanish).

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More on this topic

Salvadoran Exports Up 7%

March 2020

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.

El Salvador: Exports up to April 2019

May 2019

In the first four months of the year, sales abroad reached $1.932 million, 4% less than reported in the same period of 2018.

From the Central Reserve Bank report:

The manufacturing industry, including the maquila, exported US$1,859.5 million with -3.9% year-on-year growth (US$75.4 million less), mainly because of the decrease in foreign sales of clothing, food products and manufacture of common metals; however, other sectors reported increases in their exports, among them: manufacture of textile products (US$11.3 million more), manufacture of paper and paper products (US$6.5 million), agriculture, livestock, hunting and related service activities (US$4.5 million); manufacture of other non-metallic mineral products (US$2.4 million), other manufacturing industries (US$2.3 million), supply of electricity, gas, steam and air conditioning (US$2 million), among others.

El Salvador: Exports Up 4% in July 2018

September 2018

The manufacturing industry, including maquilas, accounted for 96% of total exports, and closed with an annual growth rate of almost 4%, equivalent to $130 million.

From a statement issued by the Central Reserve Bank:

Exports of goods from El Salvador amounted to US $3.5596 billion between January and July 2018, higher by US $124.5 million compared to the same period in 2017, the Central Reserve Bank reported.

El Salvador: Exports Up 3% in March 2018

May 2018

In the third month of the year, exports of goods grew by 3% with respect to the same period in 2017, and the increase was mainly due to sales of the maquila and agricultural sectors.

From a report by the Central Bank of Honduras:

At the end of the first quarter of 2018, Salvadoran exports of goods amounted to US $1.4825 billion, higher by US $44.9 million than in the same period in 2017, which meant a year-on-year growth of 3.1%, the Central Reserve Bank reported.

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