Invest contributes to El Salvador's economic dynamism

The investment and export promotion tool registered potential new companies to be established in the country and explored new markets for national products in 2023.

Invest In El Salvador reported that in 2023 it established itself as the new tool to support the country’s economic growth, through the promotion of foreign investments and exports from El Salvador to new international markets.

The entity that replaced the Organismo Promotor de Exportaciones e Inversiones de El Salvador (Proesa), last year, detailed that 795 new companies learned about investment opportunities and registered 395 new companies with investment potential last year, as part of its strategy to position the country as a safe destination for new investments.

In addition, it indicated that it provided 728 services and registered 82 investment agendas and visits last year. “Potential foreign investors are accompanied on their way to establish themselves in the country,” it added.

The agency also reported that Salvadoran companies receive accompaniment in expanding into new markets and strengthening their exportable supply.

In this regard, it noted that 286 new companies learned about the opportunities to export their products to international markets, of which 233 were reaffirmed with export potential. According to data provided by Invest, this was the result of 447 services provided and 140 companies visited.

Invest added that in 2023, a total of 124 Salvadoran products expanded their export destination to 52 new international markets, including the Netherlands, Singapore, China, Switzerland, Thailand, Belgium, India, and Hong Kong. Among these products, 17 machinery and equipment products entered 13 new markets.

In addition, it published that “Salvadorans Abroad (Salex) find specialized attention in business development within El Salvador”, with 115 new Salvadoran investors abroad exploring the local market, among which 72 companies with investment potential were identified thanks to 108 services provided and 14 investment visits.