El Salvador’s exports year to date total $4,547.59 million. It represents a 8.34% decrease compared to the same 2022 period, equal to $413.77 million less, according to data from the Central Reserve Bank of El Salvador (BCR).
El Salvador exports in 2023 average $568.45 million per month, reaching a yearly high of $683.74 million in March. The average for 2022 was $592.93 million, with March being the highest month at $720.30 million in exports.
In August 2023, El Salvador exported $439.60 million of products, failing to surpass the $576.00 million shipped in August 2022; the country exported $36.4 million less (-6.32%) in August 2023 than in August 2022.
| 2020 | 2021 | 2022 | 2023 | Change 2022-2023 |
|
|---|---|---|---|---|---|
| January | 464.92 | 515.56 | 578.89 | 522.55 | -9.73% |
| February | 509.07 | 504.92 | 576.59 | 582.92 | +1.10% |
| March | 399.32 | 558.25 | 720.30 | 683.74 | -5.08% |
| April | 212.17 | 512.48 | 566.80 | 471.52 | -16.81% |
| May | 234.16 | 532.52 | 638.50 | 589.65 | -7.65% |
| June | 274.75 | 539.00 | 625.88 | 588.90 | -5.91% |
| July | 442.95 | 582.27 | 678.40 | 568.71 | -16.17% |
| August | 423.56 | 498.74 | 576.00 | 539.60 | -6.32% |
| September | 469.26 | 550.44 | 584.62 | ||
| October | 492.94 | 552.23 | 560.66 | ||
| November | 428.31 | 538.15 | 530.57 | ||
| December | 454.02 | 510.33 | 477.90 | ||
| Totals | 4,805.43 | 6,394.89 | 7,115.11 | 4,547.59 | -8.34% YTD |
| Average | 400.45 | 532.91 | 592.93 | 568.45 |
SEE ALSO: El Salvador Coffee Exports
The August 2023 exports were 5.12% less than the previous month, a decrease of $29.11 million. Year to date, only February has exported more than the same month in 2022.
Thus far, in 2023, the manufacturing and maquila industries total $4,316.39 million, or 94.92% of the total exported by the country.
The manufacturing sector is the largest exporter, with $3,515.85 million for 77.31% of the total. The Maquila industry is second, with $800.54 million in exports for 17.60% of the total.
The agriculture, livestock farming, forestry, and fishing sector exported $172.89 million (3.80% of the total) this year. It includes the coffee sector, which exported $131.72 million.
According to the financial entity, the products exported the most this year are knitted t-shirts and t-shirts, cane sugar, sweaters and vests, and plastic products.
El Salvador’s principal trading partner is the United States, followed by Guatemala, Honduras, Nicaragua, and Costa Rica.
SEE ALSO: Imports to El Salvador
