El Salvador’s exports to the United States were $2.5 billion, in 2018, unchanged since 2016. Central America lies in a region which has constant tectonic activity… Details may not equal totals due to rounding. The main export partner is the United States with 45 percent of total sales. El Salvador – United States relations are bilateral relations between El Salvador and the United States.. 2020 : U.S. trade in goods with El Salvador . In 2018, U.S. exports to El Salvador reached $3.4 billion, $400 million more than 2017. El Salvador exports for 2018 was $7.52B, a 3.66% increase from 2017. El Salvador - U.S. President Bukele has actively courted U.S. favor in the months since his election and since taking office on June 1, 2019. Exports: The top exports of El Salvador are Knit T-shirts ($800M), Electrical Capacitors ($487M), Knit Sweaters ($377M), Knit Socks and Hosiery ($250M), and Plastic Lids ($203M), exporting mostly to United States ($2.64B), Honduras ($906M), Guatemala ($848M), Nicaragua ($407M), and Costa Rica ($262M). Exports El Salvador was the United States' 50th largest goods export market in 2019. Under CAFTA-DR, more than half of U.S. agricultural exports now enter El Salvador duty-free. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. El Salvador is one of the largest producers of geothermal energy in the world, with its peers in the geothermal generation being Costa Rica and Iceland. Services trade to El Salvador also remained consistent at $1.1 billion. COEXPORT . The huge geothermal potential is not exclusive to El Salvador as its neighboring countries are also known for their geothermal energy. El Salvador exports mainly manufactured products (97 percent of total sales), such as textiles, chemicals ,rubber and plastics and metallic products. María Pacheco, now 70 years old, remembers the momentous day. According to the 2012 U.S. The Government of the United States’ U.S. Strategy for Central America, which also focuses on citizen security, developing economic opportunities, and strengthening institutions supports the Alliance for Prosperity with its development assistance. Last Published: 9/12/2019 The U.S. Government requires U.S. firms to obtain an export permit to export arms, ammunition, and related products to El Salvador. The U.S. Government requires U.S. firms to obtain an export permit to export arms, ammunition, and related products to El Salvador. El Salvador exports to Guatemala worth US$ 848 million, with a partner share of 14.36 percent. December 31, 2020 During 2019, El Salvador continued strengthening its commercial ties with the United States as it imported about $567 million of agricultural products, which is 4 percent more than in 2018. President Bukele’s GANA party holds only a small minority that will create challenges to passing needed legislation on several issues, at least until new Legislative Assembly elections are held in 2021. President Bukele and his Grand Alliance for National Unity (GANA) took office June 1, 2019. El Salvador is marking 20 years since dollarization, a measure that sought stability but has not salvaged an economy that is supported by remittances, without much room for maneuver and that is characterized by high public debt. eftist party, Farabundo Marti National Liberation Front (FMLN), holds a lesser number of seats. It is advisable to secure confirmation that your products are tariff-free before you begin setting up a new business in El Salvador. El Salvador is the smallest country in Central America yet the most densely populated. The United States is El Salvador’s main trading partner. A partial list of U.S. companies with market presence includes:  Abbott Laboratories, AES Corp, American Airlines, AT&T Inc., AVX Corporation Caterpillar, Citibank, Hanesbrands, Cisco, Delta, FedEx, General Electric, General Motors, John Deer, Kimberly Clark, Microsoft, PriceSmart, SBA Communications, United, Walmart, Xerox, 3M, and many others as well as dozens of U.S franchises. The Corporation of Exporters of El Salvador, is a private non-profit organization serving the export sector. Data are in current U.S. dollars. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. El Salvador exports for 2019 was $7.98B, a 6.2% increase from 2018. 1991-2020 Data | 2021-2023 Forecast | Historical | Chart | News. El Salvador’s exports to the United States were $2.5 billion, in 2018, unchanged since 2016. There are more than 345 companies in El Salvador with a presence, most as subsidiaries of U.S. based companies. Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Salvador's economy is predominantly services-based. Export Requirements for Meat and Poultry Products For a list of countries with an approved Export Verification Program, visit the Export Requirements for Countries with an Approved USDA Export Verification Program page. The Alliance for Prosperity (A4P) is a joint effort of the Governments of El Salvador, Guatemala, and Honduras to promote prosperity, security, and good governance. U.S. – CAFTA-DR Free Trade Agreement The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR FTA) entered into force for the United States, El Salvador, Guatemala, Honduras, and Nicaragua in 2006, for the Dominican Republic in 2007, and for Costa Rica in 2009. Direct access to our calendar releases and historical data. Exporters is available through the Department of Commerce at: Rates have not risen above the low single digits in nearly two decades – part of broader environment of macroeconomic instability which the integration of the US dollar has done little to improve. The rightist opposition National Republican Alliance (ARENA) party holds a majority in the Assembly and. El Salvador - Country Commercial Guide El Salvador Country Commercial Guide. El Salvador’s total trade with the United States was $409.26 million in September, a change of -14.60 percent from the same month one year ago. In 2018, President Trump tweeted his intention to withdraw $450 million in aid. Foreign Safeguard Activity Involving U.S. Exports, El Salvador - Using an Agent to Sell US Products and Services, El Salvador - Distribution and Sales Channels, El Salvador - Selling Factors and Techniques, El Salvador - Trade Promotion and Advertising, El Salvador - Sales Service/Customer Support, El Salvador - Protecting Intellectual Property, El Salvador - Local Professional Services, El Salvador - Principle Business Associations, El Salvador - Limitations on Selling US Products and Services, El Salvador - Automotive Parts and Service Equipment, El Salvador - Safety and Security Equipment, El Salvador - Import Requirements and Documentation, El Salvador - Labeling/Marking Requirements, El Salvador - Prohibited & Restricted Imports, El Salvador - Investment Climate Statement, El Salvador - U.S. Banks and Local Correspondent Banks. Information for U.S. El Salvador is a particularly violent place to call home, where gangs such as the infamous MS-13 are said to prey upon the newly-deported. That amount was also 30.2% of the agricultural total. In 2006, El Salvador began a process to eliminate its remaining tariffs on nearly all agricultural products within 15 years (18 years for rice and chicken leg quarters and 20 years for dairy products). The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) is composed of the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua. Export Controls Includes the U.S. government export controls that companies need to abide by when exporting to this country. El Salvador’s economy his heavily dependent on the United States. El Salvador Exports El Salvador exports mainly manufactured products (97 percent of total sales), such as textiles, chemicals,rubber and plastics and metallic products. A stagnant economy, high levels of crime and violence, and natural disasters have pushed growing numbers of people to migrate without authorization or seek asylum abroad, mostly in the United States. El Salvador - U.S. The Trading Economics Application Programming Interface (API) provides direct access to our data. El Salvador has highly positive net exports in the international trade of apparel and sugar, the former principally due to the country’s low-cost labor force. Agriculture accounts for about, On February 3, 2019, newcomer, candidate Nayib Bukele beat out in an uncontested single election against both major political parties that have controlled politics in the country for the last several decades. Services trade to El Salvador also remained consistent at $1.1 billion. Global Leadership Report, 55% of Salvadorans approve of U.S. leadership, with 19% disapproving and 26% uncertain, the fourth-highest rating for any surveyed country in the Americas. El Salvador exports for 2017 was $7.25B, a 5.33% increase from 2016. In 2018, U.S. exports to El Salvador reached $3.4 billion, $400 million more than 2017. 58 for the same month last year. In 2016, the United States exported more than $504 million worth of agricultural products to El Salvador, an 84-percent increase from 2006. Exports to El Salvador in the United States averaged 153.69 USD Million from 1985 until 2020, reaching an all time high of 375.50 USD Million in December of 2018 and a record low of 26.10 USD Million in May of 1987. U.S. goods exports to El Salvador in 2019 were $3.4 billion, down 0.7% ($22 million) from 2018 but up 66.9% from 2009. Imports in El Salvador increased to 1085.12 USD Million in December from 994.26 USD Million in November of 2020. El Salvador Coronavirus Deaths at 1742.00 Persons, El Salvador Coronavirus Cases at 57428.00 Persons, El Salvador Coronavirus Recovered at 51983.00 Persons, El Salvador Foreign Exchange Reserves at 2770.20 USD Million, El Salvador Competitiveness Index at 52.57 Points, El Salvador Competitiveness Rank at 103.00, El Salvador Corruption Index at 36.00 Points, El Salvador Gasoline Prices at 0.73 USD/Liter, India Trade Deficit Revised Slightly Lower, Angola January Inflation Rate Slows to 24.4%, Romania Current Account Gap Widens in December, Uganda Holds Leaves Interest Rate Steady at 7%, Bulgaria CPI Falls for 1st Time Since 2016, Greece Consumer Prices Fall for 10th Straight Month. The United States is El Salvador’s main trading partner. The main export partner is the United States with 45 percent of total sales. Download historical data for 20 million indicators using your browser. One of the main natural resources in the country is its geothermal energy. Doing Business in ... foreign governments, industry, and trade associations to ensure that exports from the United States are secure and comply with the EAR. President Bukele is very popular but his party does not enjoy a majority in the Legislative Assembly which is still largely controlled by the two major political parties whom he beat out in February, . One problem that the Salvadoran economy faces is the inequality in the distribution of income. The economy of El Salvador has experienced relatively low rates of GDP growth relative to other developing countries. Others include: Honduras, Guatemala, Nicaragua and Costa Rica. The country is also a traditional exporter of sugar and coffee. He has repeatedly stated that El Salvador is “open for business” and made two preinauguration trips to the U.S. to meet with members of the U.S. Government, Congress, and Multilateral institutions.
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