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El Salvador exports increase 5.7% in first quarter 2022

The Autonomous Executive Port Commission (CEPA) informed that El Salvador has mobilized 1,175,330 metric tons of merchandise between January 1 and March 12 of this year through the Port of Acajutla, in Sonsonate, which corresponds to a 5.7% increase in relation to the same period last year.

“Said tonnage of imported and exported goods and raw materials also represent 22.2 % of the 5,292,285 metric tons mobilized during all 2021, which is very positive because during the first quarter of the year economic activity, in general, starts quite slow,” the authorities explained in a statement.

The Central Reserve Bank (BCR) informed that, at the end of 2021, total exports of goods produced by El Salvador totaled $6,628.8 million.

This “entails a growth of 31.8%, or $1,600.4 million more, with respect to the previous year and 12.3% compared to 2019,” the BCR explained.

The authorities indicated that the result to December “exceeded by 6.8 percentage points the growth projected by ECLAC for Latin America and the Caribbean, estimated at 25 % for 2021, reflecting the strong and rapid recovery of the country’s export sector, clarified the BCR”.

While merchandise imports in 2021, these totaled $15,075.9 million, with a growth rate of 47.1 % in value and 18.3 % in volume, which together represent 76.4 % of total imports, according to the authorities.