El Salvador recorded a trade deficit of 452.72 USD Million in December of 2019.

Balance of Trade in El Salvador averaged -271.90 USD Million from 1991 until 2019, reaching an all time high of -14.60 USD Million in March of 1991 and a record low of -594.20 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.

Balance of Trade in El Salvador is expected to be -555.63 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 -555.62 in 12 months time. In the long-term, the El Salvador Balance of Trade is projected to trend around -483.00 USD Million in 2020, according to our econometric models.

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El Salvador Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-452.72 -556.31 -14.60 -594.20 1991 - 2019 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-23 03:00 PM Sep $-482.5M $-532.1M
2019-11-22 03:30 PM Oct $-591.1M $-482.5M $-500M
2019-12-17 02:45 PM Nov $-556.3M $-591.1M $-540M
2020-01-17 06:00 PM Dec $-452.7M $-556.3M $ -480M
2020-02-14 08:00 PM Jan $-452.7M $-460M

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.

El Salvador Trade Last Previous Highest Lowest Unit
Balance of Trade -452.72 -556.31 -14.60 -594.20 USD Million [+]
Current Account -193.70 -110.57 79.07 -1130.00 USD Million [+]
Current Account to GDP -4.80 -1.90 -0.20 -8.50 percent [+]
Exports 448.52 461.71 560.10 47.70 USD Million [+]
Imports 901.24 1018.02 1123.58 91.00 USD Million [+]
Capital Flows 320.71 -222.53 924.80 -692.81 USD Million [+]
Remittances 550.90 457.59 550.90 53.10 USD Million [+]
Gold Reserves 1.37 1.37 14.59 1.37 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 20.43 158.32 714.80 -275.54 USD Million [+]
External Debt 17858.90 17114.49 17858.90 7620.97 USD Million [+]