El Salvador: Textile Exports to Europe Up 133%

The sale of synthetic fibers increased by 133% between November 2012 and March 2013.

Tuesday, January 28, 2014

Statsistics from the Central Reserve Bank (BCR) reveal that between November 2012 and March 2013, exports of synthetic fibers to Europe increased from $1.4 million to $3.4 million, which is 133%.

"In other categories, food products such as honey increased sales by 29.8%, going from $4.3 million to $5.6 million."

"... These are the products that are most in demand in the European market, and some of the products with export potential," said Pablo Duran, president of the Exporters Corporation of El Salvador (COEXPORT).

One of the main customers of El Salvador in Europe is Spain, where $73 million worth was exported up to November 2013, followed by Germany with $56 million.

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Manufacturing Sector Dynamizes Exports

January 2019

Because of the manufacturing industry's sales behavior, from January to November Salvadoran exports totaled $5.487 million, 3% more than in the same period in 2017.

Sales to the rest of the world of manufacturing industry, including maquila goods, reached US$5.319 million in November 2018, representing a 3% growth of the sector, informed the Central Reserve Bank.

El Salvador: The Top 5 Textile Exports in 2017

March 2018

According to the textile industry union, half of the $2.6 billion exported in 2017 corresponded to pullover sweaters, cotton t-shirts, cotton briefs, synthetic fiber t-shirts and synthetic socks.

The Chamber of Textile, Clothing and Free Trade Zones of El Salvador (Camtex) reported that in 2017 the sector exported $2.617 million worth of clothes, $95 million more than was reported in 2016, which is equivalent to an interannual increase of 3.8%. 

Textile Production in El Salvador Down

November 2012

From January to September this year the Salvadoran textile and clothing sector exported $792.4 million, 6.7% less than in the same period in 2011.

Elsalvador.com reports that "The production of textiles and clothing lost momentum in growth between January and September compared to the same period last year due to a slowdown in the U.S. economy and the fiscal crisis in Europe .

Salvadoran Textile Exports Rebound

October 2011

In the first eight months of the year maquila exports reported an increase in volume of 22.3% and 10.9% in value.

Data from the Central Reserve Bank shows that total exports reached $822.4 million up to August 2011.

"The executive director of the Chamber of the Textiles, Clothing and Free Zones (CAMTEX), Patricia Figueroa, said exports this year have already surpassed the levels recorded in 2008, which was considered to be an excellent year for the sector.