El Salvador's trade deficit widened to USD 1,047 million in August of 2022 from USD 708 million in the same month last year. source: Central Reserve Bank of El Salvador

Balance of Trade in El Salvador averaged -301.30 USD Million from 1991 until 2022, reaching an all time high of -14.62 USD Million in March of 1991 and a record low of -1046.63 USD Million in August of 2022. This page provides the latest reported value for - El Salvador Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. El Salvador Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Balance of Trade in El Salvador is expected to be -802.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Balance of Trade is projected to trend around -842.00 USD Million in 2023 and -862.00 USD Million in 2024, according to our econometric models.

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El Salvador Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 03:30 PM Jul $-758.57M $-950.25M $-804M
2022-09-23 03:00 PM Aug $-1046M $-758.57M $-811M
2022-10-14 05:30 PM Sep $-1046M $ -802M

Related Last Previous Unit Reference
Balance of Trade -1046.63 -758.87 USD Million Aug 2022
Current Account -703.33 -520.15 USD Million Mar 2022
Imports 1655.27 1450.62 USD Million Aug 2022
Exports 608.64 691.76 USD Million Aug 2022
Capital Flows -515.89 -464.51 USD Million Dec 2021
Remittances 649.96 636.99 USD Million Aug 2022
External Debt 20989.61 20286.02 USD Million Mar 2022

El Salvador Balance of Trade
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.
Actual Previous Highest Lowest Dates Unit Frequency
-1046.63 -758.87 -14.62 -1046.63 1991 - 2022 USD Million Monthly