Saturday, 19 June 2021 04:45

Cumulative exports of goods up to may 2021 register an increase of US$2,698 million

Written by Alondra Gutiérrez

The Banco Central de Reserva (BCR) reported a recovery in the levels of goods exports to may, prior to the Covid-19 pandemic.

The financial entity informed that imports of goods are increasing, giving signs of the dynamism of consumption, investment and needs of raw materials for national production.

According to data provided by the Banco Central de Reserva, may became the fourth month with monthly exports of goods exceeding US$500 million so far in 2021, which shows that more salvadoran companies are exporting to the rest of the world, reflecting the economic recovery process that the country is going through.

Among the number of exporting companies in El Salvador according to value exported from January to May 2021 about 1,820 exporting companies in the country which represents a +11.5%.

The main importers of capital goods correspond to the transportation and communications sectors, among which are: automobiles US$971 million, vehicles for transportation of goods US$89 million, parts and accessories for vehicles US$88 million, and cell phones US$43 million.