El Salvador has shown a positive trade performance in the first half of 2024, according to SECMCA’s Regional Situation Report for Central America and the Dominican Republic (CARD). Exports and imports have reached figures that, despite certain adjustments, contribute to the country’s economic dynamism and strengthen its commercial interaction with international markets. El Salvador’s imports registered US$7,789.2 million, a slight increase compared to the same period in 2023, which demonstrates the stability of domestic demand for goods.
Imports of consumer goods led with US$3,105.2 million, reinforcing the population’s access to essential products, while capital and intermediate goods also contributed significantly to the country’s productive development.
Exports totaled US$3,209.4 million, with a 1.8% increase in volume, indicating a recovery in the production and shipment of goods abroad. This increase in export volume reflects the resilience of the Salvadoran productive sector in the context of a competitive global market. Maquila exports, despite an adjustment, maintain an important contribution of US$440.9 million, demonstrating their essential role in the production chain.
This trade balance, although with a deficit of US$4,579.8 million, reflects the interdependence and strength of El Salvador’s foreign trade, which is essential for economic growth. The positive variation in the volume of exports and the stability of imports underscore the country’s commitment to maintaining its competitiveness in the region.
Overall, these figures are a clear demonstration of how El Salvador continues to strengthen its economy through foreign trade and integration into international markets, contributing to the country’s well-being and economic development.