El Salvador: Trade Deficit Increases to 14%

During the first five months of the year, the balance of the country's trade balance reached -$2,521 million, 14% higher than that reported in the same period in 2018.

Friday, July 5, 2019

From the Central Reserve Bank report:

El Salvador's exports up to May of this year registered a total of US$2,490.8 million, 1% less than the same period of 2018, informed the Central Reserve Bank.

The manufacturing industry, including maquila, exported US$2,385.9 million with a -1.6% year-on-year growth, as a result of the decrease in foreign sales of clothing, food products and the manufacture of base metals; the sectors with increases in exports are: paper and paper products (US$15.3 million), manufacture of textile products (US$14.7 million more), manufacture of beverages (US$9.1 million), agriculture, livestock, hunting and related service activities (US$8.7 million); manufacture of rubber and plastic products (US$6.7 million), among others.

El Salvador's main trading partner, the United States, demanded goods for US$1,028.9 million, 3.9% less (US$41.8 million) compared to the same period in 2018. Exports to Central America and Panama totaled US$1,112.8 million, with year-on-year increases of US$53.2 million (5% more). The main trading partner in the region was Honduras, which bought Salvadoran goods for US$401 million (7.6% more). Guatemala followed with US$380.6 million (10.4% more) and in third place Nicaragua with US$168.7 million (8.2% less). The balance of trade with Guatemala was deficit in -US$132 million, while surpluses were registered with Honduras (US$53.7 million) and with Nicaragua (US$42.8 million).



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El Salvador: Trade Deficit Increases by 9%

August 2019

From January to July of this year, the negative balance of trade balance was of $3.460 million, an amount 9% higher than reported in the same period of 2018.

From the Central Reserve Bank report:

Exports up to July of this year registered a total of US$3,591.3 million, US$32.2 million additional (0.9% more) regarding the same period of 2018, informed the Central Reserve Bank.

Honduras: Exports Fall 9% up to May 2019

July 2019

In the first five months of the year, Honduran exports totaled $1,914 million, 9% less than reported in the same period of 2018.

From January to May 2019, as a result of general merchandise trade transactions abroad, a deficit of $2,272.4 million was generated, $142.3 million more than the accumulated in the same period of 2018, informed the Central Bank of Honduras.

Nicaragua: Exports Fall 2%

December 2018

Because of the decline in sales in the agricultural sector, up to September of this year exports totaled $2.000 million, 2.3% less than what was reported in the same period of 2017.

The Central Bank of Nicaragua (BCN) reported that in the case of exports, reductions were registered in the agricultural (-7.8%) and manufacturing (-3.0%) sectors; in contrast, growth was noted in: mining (14.4%) and fishery products (4.1%), continuing with the positive trend observed in recent months.

El Salvador: Foreign Trade Figures - I semester 2017

July 2017

The agriculture and manufacturing sectors accounted for the year-on-year growth of 4% in exports registered in the first half of the year.

Five groups of products accounted for 57.3% of exports: Underwear, clothing and other textiles and their manufactures (US $1,167 million), machinery, other electrical apparatus and equipment (US $152.6 million), unrefined sugar (US $134.3 million), plastic manufactures (US $90.3 million) and coffee including roasted or decaffeinated coffee (US $84.3 million).

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