El Salvador: Trade Gap Grows 21%

Between January and August 2010, the country's balance of payments deficit reached $2.16 billion, 21% more than in the same period of 2009.

Monday, September 27, 2010

El Salvador's exports totaled $2.99 billion while the value of its imports was $5.61 billion for the period, according to statistics from the country's central bank (BCR).

A BCR communication states that the main reason for the gap is the fall in coffee sales (-24.5%), despite an increase in the international price paid for the grain.

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More on this topic

El Salvador's Trade Deficit Up 7.4%

January 2014

At the end of 2013, the difference between exports and imports continued to rise reaching $5.281 billion.  

Data from the Central Reserve Bank (BCR) reveals that in late 2013 the trade deficit amounted to $5.2809 billion, compared to the same period of 2012 when it was $4.919 billion, which represents an increase of 7.4%.

El Salvador: Trade Deficit Was Lower in 2009

January 2010

In 2009, the country had an external trade deficit of $3.45 billion, 33.6% less than in 2008.

The announcement was made by the BCR, El Salvador’s Central Bank, who detailed that in 2008, the trade deficit reached $5.2 billion.

“Exports summed $3.79 billion, a 16.5% reduction when compared to 2008, while imports dropped 25.6% to $7.25 billion”, reported Prensalibre.com.

El Salvador's Trade deficit grows 17.2%

July 2008

El Salvador's trade deficit increased by 17.2 percent, and totalled 2.643 billion dollars between January and June of this year, the Central Reserve Bank reported Tuesday.

The bank attributed much of the increase to the increased cost of importing petroleum. The bill for the first half of the year came to almost one billion dollars, up by 48.8 percent compared with the same period in 2007.

El Salvador's first-quarter trade gap grows 20.4 percent

April 2008

El Salvador registered a first-quarter trade deficit of US$1.254 million, a 20.4 percent increase on the same period of last year.

The central bank said that first-quarter exports totaled US$1.053 billion, up from US$1.041 billion in the 2007 period. Meanwhile, first-quarter imports came to US$2.307 billion, a 14.7% year-on-year increase.

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