more than five times the growth! el salvador's exports to china have increased significantly
2024-09-16
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reference news reported on september 13according to a report by latin american news agency on september 12, local media reported on the 12th that even though the free trade agreement has not yet been signed, as of july, el salvador's exports to china have increased by 536.4%.
some experts pointed out that the fta will promote bilateral trade and strengthen relations between the two countries. the authorities said that the first phase of negotiations on the fta has been concluded.
the most sold product to the chinese market is sugarcane.
throughout 2023, $7.4 million worth of salvadoran products entered the chinese market. in 2024, in just seven months, the country's exports to china reached $47.1 million, especially due to the sale of $38.5 million in cane sugar.
an article in el salvador newspaper noted that this figure makes china the ninth largest export destination for el salvador, accounting for 1.2% of total exports.
according to the newspaper, when el salvador announced its intention to sign a free trade agreement with china at the end of last year, local trade unions and business circles pointed out that such measures could bring huge opportunities to the country. (compiled by su jiawei)
