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El Salvador Balance of Trade
Last Release
Sep 30, 2024
Actual
-718.85
Units In
USD Million
Previous
-785.28
Frequency
Monthly
Next Release
Nov 21, 2024
Time to Release
29 Days 23 Hours
Highest | Lowest | Average | Date Range | Source |
-14.62 Mar 1991 | -1,046.63 Aug 2022 | -330.4 USD Million | 1991-2024 | Central Reserve Bank of El Salvador |
El Salvador's trade gap is mostly explained by the country's need to import fuels, consumer goods and industrial equipment. Textiles is the country's major export followed by chemicals, rubber and plastics, metallic products and sugar. The leading trading partner is the United States with 45 percent of exports and 32 percent of imports. Others include Guatemala, Honduras and Nicaragua.
Latest Updates
El Salvador reported a trade deficit of USD 718.85 million in September 2024, narrowing from the USD 824.24 million gap recorded in the same month the previous year. Exports increased by 7.62% year-over-year to USD 540.75 million, driven by an increase in the export of consumer goods, especially coffee (83.22%), non-traditional goods (6.63%), and manufactured goods (6.44%). Meanwhile, imports also decreased by 5.06% to USD 1,259.6 million.
El Salvador Balance of Trade History
Last 12 readings
