Wednesday, 29 December 2021 01:00

Customs collects US$34 million in import and export duties

Written by Evelyn Alas

The Dirección General de Aduanas (DGA), reported through its twitter account have managed to collect more than US$34 million in export and import taxes, as a result of the hard work done by our staff to facilitate trade.

From december 20 to 26, 2021, reporting 9,390 imports, 3,775 exports and 6,168 transits.

A few days ago the Banco Central de Reserva (BCR), reported that the greatest support to the increase of the salvadoran economy was observed in exports, with a variation rate of 28.7%, followed by the 22.5% growth of investment.

In addition, private and public consumption contributed to economic growth with an annual increase of 11.6% and 10.8%, respectively, which were partially offset by the 30.4% increase in imports of goods and services.

However, the behavior of imports provides signs that confirm the economic recovery, as they include products used for consumption and investment, as well as raw materials used for production.

In economics, imports are the transportation of goods and services from abroad, which are acquired by a country for distribution within the country. Imports can be any product or service received within the border of a nation state for commercial purposes.

Likewise, an export is any good or service sent outside the national territory. Exports are the set of goods and services sold by a country in foreign territory for use. Together with imports, they are an essential tool of national trade.