Imports to El Salvador in August total $1,360.59 million, down 10.21% year to date

El Salvador has Imported $10,425.79 Million This Year

By Eddie Galdamez  |  Sep 22nd, 2023
El Salvador Imports
Acajutla port. Image by CEPA

Imports to El Salvador as of August 2023 total $10,425.79 million; it represents a -10.21% year to date reduction, equal to $1,185.67 million less than in 2022, according to data from the Central Reserve Bank of El Salvador (BCR).

The monthly average of Imports to El Salvador in 2023 is $1,303.22 million, reaching a yearly high of $1,412.08 million in March. The average for 2022 was $1,425.67 million, with March being the highest month at $1,613.10 million in imports.

In August 2023, El Salvador imported $1,360.59 million of products, failing to surpass the $1,471.75 million received in August 2022; the country imported $111.16 million less (-7.55%) in August 2023 than in August 2022.

El Salvador Imports
2020 2021 2022 2023 Change
2022-2023
January 922.71 1066.95 1342.23 1300.22 -3.13%
February 864.20 945.61 1248.02 1226.41 -1.73%
March 871.32 1212.11 1613.10 1412.08 -12.46%
April 619.98 1139.88 1426.10 1177.52 -17.43%
May 574.99 1139.76 1505.98 1359.75 -9.71%
June 723.33 1249.09 1522.71 1310.30 -13.95%
July 858.70 1314.02 1481.57 1278.92 -13.68%
August 753.73 1166.84 1471.75 1360.59 -7.55%
September 836.72 1259.46 1398.34
October 881.90 1482.88 1405.09
November 927.67 1370.67 1425.90
December 1052.65 1270.15 1267.20
Totals 9,887.90 14,617.24 17,107.99 10,425.79 -10.21% YTD
Average 823.99 1,218.12 1,425.67 1,303.22

The August 2023 imports were 6.39% more than the previous month, an increase of $81.67 million.

Thus far, in 2023, the manufacturing industry accounts for 88.39% of total imports, totaling $9,214.94 million. The agriculture, livestock farming, and forestry industry is in second place with $539.92 million in imports.

As of August 2023, every single month has had fewer imports than the same 2022 months.