El Salvador: Manufacturing Exports Up 11%

Foreign sales by the manufacturing sector in the first quarter of the year grew by 11% compared to the same period in 2016.

Tuesday, May 2, 2017

From a report by the Central Bank of Honduras:

In the first quarter of 2017, El Salvador exported US $1,414.2 million, up by US $134.4 million compared to the same period in 2016, equivalent to a year-on-year growth of 10.5%, the Central Reserve Bank reported. Exports of agricultural goods increased by 8.6% and those from the manufacturing industry by 10.7%, both contributing to the performance reported in the first three months of the year.

The sugar subsector, just as in the previous month, had the most positive result during the first quarter, exporting an additional US $60.3 million worth in relation to March 2016, which contributed 46.2% to the total increase seen in the Manufacturing industry and represented 44.9% of total exports. The subsector with the second largest contribution to the overall result was apparel with an additional US $17 million, going from US $261.3 million to US $278.2 million.

Read full report (in spanish).

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