El Salvador: Exports Up 17%

In January 2018, exports totaled $500 million, 17% more than in the same month in 2017, and sales of sugar and clothing accounted for most of the increase.

Thursday, March 1, 2018

The Central Reserve Bank (Banco Central de Reserva or BCR) reported that during the first month there was a noteworthy " ... positive result from 24 branches of the economy with export records, with the greatest contributions standing out as those from the sugar industry with US $35.8 million, maquila industrial services with US $16.4 million and textiles and their apparel with an additional US $11.2 million."

From a statement issued by the Central Bank:

At the end of the first month of 2018, Salvadoran exports of goods amounted to US $500 million, up US $73.9 million from January 2017, which represents year-on-year growth of 17.3%, the Central Reserve Bank reported. The positive result from 24 branches of the economy with export records stands out, with the most contributions coming from the sugar industry with US $35.8 million, the maquila industrial services with US $16.4 million and textiles and their apparel with an additional US $11.2 million.

Gold coffee and other agricultural products exported 77.5% of the total agricultural sector, with US $4.4 and US $4.2 million, respectively. The main commercial partner for Salvadoran goods, the United States, demanded 42% of total exports, that is to say US $210.2 million, more than US $8.7 million than what was exported in the same period in 2017, which represents a growth of 4.3% in interannual terms; It is important to mention the contribution of the sugar sector to this result, product of the export of US $19.7 million to the US, an amount that was higher by US $10.8 million compared to January 2017.

Read full release (in Spanish).

More on this topic

Guatemalan Exports Continue to Decline

July 2018

In line with the trend seen since the beginning of the year, sales abroad between January and May totaled $4.698 billion, 3% less than in the same period last year.

Figures from Banco de Guatemala show that the country in May 2018 made exports totalling $934 million, which is equivalent to a 5% decrease compared to the same month in the previous year.

El Salvador: Exports Up 5%

July 2018

Between January and May of 2018 exports totaled $2.516 billion, 5% more than in the same period in 2017, and again sales in the manufacturing industry accounted for most of the increase.

The Central Reserve Bank reported that "... The maquila industry ended the period with exports that reached US $518.6 million, higher by US $71.8 million compared to the same period in 2017, with a year-on-year growth of 16.1%."

El Salvador: Exports Up 6%

May 2018

Between January and April of 2018, exports exceeded $2 billion, 6% more than in the same period in 2017, and manufacturing sales accounted for most of the increase.

The Central Reserve Bank (BCR) reported that during the first four months of the year "...  Exports to the United States grew by 3.1% with a total of US $842.2 million, higher by US $25.2 million than the demand for the same period in 2017."

El Salvador: Exports Up 6%

January 2018

In 2017 exports totaled $5,760 million, 6% more than in 2017, and sales of clothing and sugar were the ones that accounted for most of the increase.

Sales in the Central American region, including Panama, constituted the second largest destination for Salvadoran exports, amounting to $2.403 billion, also registering an increase of 6% compared to 2016.

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