Salvadoran textile exports thrive, boosting the economy. – El Salvador in English

In a promising trend for the Salvadoran economy, exports of women’s T-shirts, pants, and underwear surged between January and July 2023, according to the latest Analytical Report on International Merchandise Trade by the Central Reserve Bank (BCR). While the overall textile and clothing sector has faced declining figures due to various international factors, specific categories have reported remarkable growth.

The BCR highlighted an impressive interannual increase in exports of women’s T-shirts by 106.5%, pants by 105.4%, and women’s underwear by 104.2%. This surge is largely attributed to rising demand from key international markets, including Peru, France, and Brazil. Notably, exports to Peru skyrocketed by 300.2%, while France and Brazil recorded increases of 226.2% and 155.3%, respectively.

In addition to textiles, the report noted strong performances in other sectors, with total exports exceeding $3.78 billion during the first seven months of the year. The food products sector led the way, generating over $714.9 million, followed by clothing, which brought in more than $664.5 million. The manufacturing industry and the production of rubber and plastic products also contributed significantly to the export figures.

Despite the challenges faced by the textile industry, the growth in specific product categories and the expansion into new markets signify resilience and potential for future growth. As of July, El Salvador maintained commercial ties with 122 countries, with Central America being the largest recipient of exports, followed by the United States and Mexico.

This positive outlook for the textile sector bodes well for the Salvadoran economy, highlighting the importance of continued investment and development in international trade relationships.

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