Coexport forecasts that exports will grow by 15% at the end of 2022

El Salvador continues with its upward streak in foreign trade, as evidenced by data from the Central Reserve Bank (BCR) and the Corporation of Exporters of El Salvador (Coexport).

The president of the union, Marvin Melgar, indicated that the growth rate has been constant in the first six months of the year, thus benefiting the more than 2,009 exporting companies in the country.

According to the Coexport representative, based on BCR data, the country exported $3,802.3 million in the first half of 2022, with a growth of 16.8%, important figures for the sector and the country’s economy.

Given this, Melgar stated that if «the projection of exports continues as it is, it is estimated that growth by the end of 2022 will be 15%, which is positive» and benefits the national economy even more.

«There is a growth in the amounts. The positive thing is that the increase in values is maintained, which is very good and shows that Salvadoran exporters have had the capacity to transfer inflation to the markets where they go, as well as to adapt to the new realities of the world in which we live. which has allowed for growth», he explained.

Melgar added that, if businessmen continue with this growth streak, the country will close this year with around $7.8 billion in exports, a historic amount in El Salvador’s foreign trade.