El Salvador recorded a trade deficit of 411.28 USD Million in September of 2020. source: Central Reserve Bank of El Salvador

Balance of Trade in El Salvador averaged -276.06 USD Million from 1991 until 2020, reaching an all time high of -14.62 USD Million in March of 1991 and a record low of -594.17 USD Million in October of 2018. This page provides the latest reported value for - El Salvador Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. El Salvador Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in El Salvador is expected to be -555.62 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in El Salvador to stand at -475.00 in 12 months time. In the long-term, the El Salvador Balance of Trade is projected to trend around -555.62 USD Million in 2021 and -483.00 USD Million in 2022, according to our econometric models.

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El Salvador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-411.28 -388.93 -14.62 -594.17 1991 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-23 03:00 PM Jun $-493.6M $-398M $ -450M
2020-08-28 04:15 PM Jul $-435.6M $-493.6M $-530M
2020-09-24 03:15 PM Aug $-388.9M $-435.6M
2020-10-22 03:00 PM Sep $-411.3M $-388.9M $ -535M
2020-11-23 03:30 PM Oct $-411.3M
2020-12-21 06:00 PM Nov

El Salvador Balance of Trade
El Salvador's trade gap is mostly explained by the country's need to import fuels, consumer goods and industrial equipment. Textiles is the country's major export followed by chemicals, rubber and plastics, metallic products and sugar. The leading trading partner is the United States with 45 percent of exports and 32 percent of imports. Others include Guatemala, Honduras and Nicaragua.