Thursday, 20 October 2022 00:12

El Salvador accumulated US$5,688.9 mill. in exports from january to september 2022

Written by Evelyn Alas

The Banco Central de Reserva (BCR), presented its report focused on foreign trade, exports and remittances.

Until september of this year, exports totaled US$5,688 million, that is, a growth of 15.4% compared to the same period of 2021 and the main point was the United States.

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The President of the BCR, Douglas Rodriguez explained that this percentage represents an additional US$758 million in exports of goods in the same period last year.

Manufacturing industries account for the largest share of exports, accounting for 76% of total exports, totaling U$4,318 million from january to september 2022, with a growth of 14%.

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Maquila also represents 19% of exports, accumulating US$1,099 million as of september.

Sales to Central America grew 16.2%. Exports to Guatemala contributed to this growth with an additional US$131.6 million (15.6%), Honduras with US$149.3 million (18.6%), Nicaragua with US$37.7 million (10.6%), and Costa Rica with US$39.5 million (19.4%).

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Likewise, family remittances reported a growth rate of 3.7% and an accumulated US$5.6 billion. This is US$205.2 million more than what was received last year from january to september.  On the other hand, they explained that the inflation rate reached 7.5% in the country.