Salvadoran Exports Decrease by 14.8%

In the first quarter of 2009, $1.272 billion were exported, 14.8% less when compared to the same period last year.

Tuesday, June 2, 2009

This reduction in Salvadoran foreign sales volume of both traditional and nontraditional products is the strongest so far this year.

Sugar is the traditional product that registered the largest decline, 37.2% during the quarter. As for non-traditional products, light industry, with a reduction of 21.2%, was the most affected area.

The executive director of the Corporation of Salvadoran Exporters (COEXPORT), Silvia Cuellar, told Laprensagrafica.com: "We are concerned by the figures registered by our leading products; production is falling and the crisis is affecting us, so it is important for the new government to take incentives for this sector into account."



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More on this topic

Imports Down 40% in Honduras

November 2010

In the first ten months of the year, imports fell 40%.

The president of the National Federation of Customs Brokers of Honduras (Fenaduanah), Gilberto Diaz del Valle, said that last year´s economic and political crisis significantly affected the sector.

"Diaz del Valle said imports are being pursued in those stores or large companies whose business are profitable, because they survive on the basis of large sale volume." reports Latribuna.hn.

Central America Trades Less with the World

September 2009

For the first half of the year, regional exports dropped 13.5% while imports diminished 28.9%.

From January to June 2009, the region exported $1.54 billion, 13.5% less than the same period of 2008, and it imported $6.84 billion, 28.9% less than in 2008.

While trade between countries of the region didn't drop, it slowed down, going from growth rates of 25.2% to 16%.

Regional Trade Down 21%

July 2009

From January to May 2009, $1.736 were exported and imported within the region, down from the $2.196 million registered in the same period of 2009.

The global economic crisis was the main reason behind the fall in regional trade, as imports and exports to the rest of the world also decreased, with drops of 30% and 15% respectively.

Honduras: Imports and Exports Decrease

April 2009

In January 2009, in relation to January 2008, imports and exports decreased 18% and 14% respectively.

The effects of the economic crisis are reflected in the Monthly General Goods Report published by the Central Bank of Honduras.

On the export side, the basket of traditional products experienced a decrease of 22.5%, a figure greater than the decline in exports of nontraditional products such as tilapia, vegetables and shrimp, which registered a decrease of 8.7%.

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