Caribbean & Central America - August 2012 (ISSN 1741-4458)

Exports down: In the first six months of 2012, El Salvador’s exports reached US$2.67bn, a 3.6% drop on the same period the previous year, according to a report released on 27 July by El Salvador’s Banco Central de Reserva (BCR). The BCR attributes the change to a drop in sales of coffee and maquila products. According to the BCR report, coffee exports declined 34.3% in the first six months of 2012 when compared with the same period in 2011 due to a reduction in volume exported (-42.8%). Maquila exports, which reached US$556m, dropped 7.6% in the first six months of the year when compared with the same period the previous year. Non-traditional products (which accounted for US$1.77bn) increased 3.3% while traditional exports dropped 24.5%.

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