El Salvador: Foreign Trade Figures July 2015
04 Sep 2015Compared to the same period in 2014, imports fell by 2% and exports rose by 7%, mainly due to increased sales in the manufacturing sector.
From the Foreign Trade report by the Reserve Bank of El Salvador:
The growth of exports (6.7%) is positive for foreign trade and contributed to the real growth rate of the economy this year.
Exports from the manufacturing industry grew by 7.0%, with a contribution of $208.1 million to overall growth.
Sugar exports to China and Taiwan have so far increased in 2015, both because of improvements in commercial terms,
the former due to the lifting of the reserve and the later due to taking advantage of the free trade agreement.
The country's imports fell by -2.1%, even though the volumes are growing at a rate of 10.6%.