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.
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