The Ministry of Foreign Affairs has successfully facilitated $1.75 million in exports and investments, signaling a thriving business environment in El Salvador. In the first four months of 2023 alone, the institution supported the implementation of business projects worth $940,000, specifically focusing on real estate tourism and the importation of electric vehicles.
El Salvador continues to be an attractive destination for international investments and trade. In line with this, the Ministry of Foreign Affairs, through its economic diplomacy strategy, remains dedicated to seeking more and better opportunities for various sectors and productive actors in the country.
This initiative aims to position El Salvador’s exportable offerings in foreign markets, attract investments from other countries, promote tourism, and drive other development projects.
Thanks to these efforts, the Ministry of Foreign Affairs, together with its network of embassies, consulates, and economic advisors, directly facilitated export sales exceeding $812,000 in the first four months of 2023.
The opened markets include agro-industrial products, textiles and clothing, food and beverages, plastics, rubber, and more.
Furthermore, in the field of investments, the institution achieved the launch of businesses amounting to $940,000, particularly in the areas of real estate tourism and the importation of electric vehicles, among others.
“These results are very significant, considering that we are an institution that supports economic and commercial activities. It reflects the importance of the coordinated work that the Government of President Nayib Bukele is driving for the growth of the economy, the advancement of El Salvador, and the benefit of our people,” commented Adriana Mira, the Vice Minister of Foreign Affairs.
She added that they have successfully connected with customers and partners in North, Central, and South America, as well as the Eurasian region—strategic areas for the interests and economic relations promoted by El Salvador.
Throughout the year, the ministry, through its embassies and consulates, has participated in 45 in-person and virtual fairs and events across 24 key countries for trade promotion, investment stimulation, and tourist attraction.
The Ministry of Foreign Affairs also revealed that it has coordinated and facilitated the visits of 30 international delegations interested in firsthand knowledge of El Salvador’s potential for entrepreneurial projects, commercial ideas, and other productive endeavors.
“This is just the beginning. For the remainder of the year, we will continue with our roadmap for economic diplomacy, aiming to expand the business agenda with major global markets, as well as our trade contacts, with a focus on project diversification and the growth of micro and small enterprises,” stated the Vice Chancellor.
In 2022, the Ministry of Foreign Affairs enabled effective exports totaling $2.2 million. Regarding investments, $43 million was realized in infrastructure projects, manufacturing, renewable energy, and other sectors.