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El Salvador Balance of Trade
Last Release
Oct 31, 2024
Actual
-887.62
Units In
USD Million
Previous
-718.85
Frequency
Monthly
Next Release
Dec 19, 2024
Time to Release
26 Days 20 Hours
Highest | Lowest | Average | Date Range | Source |
-14.62 Mar 1991 | -1,046.63 Aug 2022 | -331.77 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 887.62 million in October 2024, widening from the USD 830.94 million gap recorded in the same month the previous year. Exports soared by 17.45% year-over-year to USD 582.32 million, driven by an increase of 18.33% in the export of consumer goods, especially coffee (50.83%), non-traditional goods (17.35%), and manufactured goods (17.99%). Meanwhile, imports also increased by 10.95% to USD 1,469.94 million.
El Salvador Balance of Trade History
Last 12 readings
