Imports to El Salvador from January 1 to November 30, 2022, totaled $16266.23 million; it represents a 17.91% annual increase, equal to $2470.59 million more than the same 2021 period. According to the latest data from the Central Reserve Bank of El Salvador (BCR).
The Salvadoran Imports monthly average for 2022 is $1478.75 million, with August being the highest month at $1655.27 million in imports. In 2021 imports averaged $1256.33 million per month; it reached an all-time high of $1531.93 million in October of that year.
In November 2022, El Salvador imported $1413.83 million of products, failing to overtake the $1419.98 million imported in November 2021, registering a decline of -0.43%, equivalent to $6.15 million less in imports.
| 2020 | 2021 | 2022 | Change 2021-2022 |
|
|---|---|---|---|---|
| January | 967.54 | 1056.15 | 1389.63 | 31.58% |
| February | 888.37 | 948.55 | 1359.21 | 38.05% |
| March | 881.44 | 1318.06 | 1603.44 | 21.65% |
| April | 646.18 | 1220.84 | 1443.38 | 18.23% |
| May | 600.25 | 1170.75 | 1546.47 | 32.09% |
| June | 770.01 | 1275.48 | 1592.26 | 24.84% |
| July | 860.41 | 1348.48 | 1450.62 | 7.57% |
| August | 788.75 | 1220.95 | 1655.27 | 35.57% |
| September | 859.14 | 1248.47 | 1447.87 | 15.97% |
| October | 966.68 | 1531.93 | 1364.25 | -10.95% |
| November | 959.90 | 1419.98 | 1413.83 | -0.43% |
| December | 1059.66 | 1280.28 | ||
| Totals | 10247.93 | 15075.92 | 16266.23 | 17.91% *Nov 30 2022 |
| Average | 853.99 | 1256.33 | 1478.75 |
The manufacturing industry accounts for 88.26% of total imports, totaling $14355.98 million. It is followed by the maquila industry with $791.5 million and the agriculture, livestock farming, and forestry industry with $790.25 million in imports.
Thus far in 2022, October and November are the only months with fewer imports compared to the same months in 2021. August 2022 has seen the most significant percentage increase, with 35.57%, and October reported the most significant decrease of -10.95%.
El Salvador’s imports in 2022 have already surpassed 2020 by 58.73% and 2021 imports by 7.90%; El Salvador’s trade deficit for 2022 is $9459.04 million.
