El Salvador has trade agreements with 42 countries in the Americas, Europe and Asia. Together they represent a potential market of 1.2 billion consumers. Contact online >>
El Salvador has trade agreements with 42 countries in the Americas, Europe and Asia. Together they represent a potential market of 1.2 billion consumers.
These agreements provide flexible rules of origin and major reductions in import tariffs.
El Salvador has been a leader in negotiating trade agreements with strategic partners.
It takes a short flight (2-5 hours) from El Salvador International Airport to reach major cities in North and South America. El Salvador International Airport serves as the regional hub of Avianca airlines. Cargo transportation is also routes. The country´s modern port and airport infrastructure allows companies to carry out their logistical operation efficiently. Likewise, in the context of international services, El Salvador is on the U.S. Central Standard Time (CST, GMT-6). This makes El Salvador´s location ideal for offshore business services.tación de servicios empresariales a distancia.
El Salvador has free zones designed for companies engaged in the production and export of goods or services. These industrial parks provide companies with the services necessary to operate efficiently and offer attractive tax incentives to investors.
Depending on their activity, companies established outside a free zone or service park can enjoy of the same benefits regardless of their location
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In 2023, knitted or crocheted apparel articles were some of the most exported products by El Salvador. Exports of knitted sweaters, pullovers, and vests amounted to over 353 million U.S. dollars, whereas knitted shirts and t-shirts made up the second most exported product category, with an export value of more than 334 million U.S. dollars.
El Salvador''s largest trading partner is by far the United States. In 2022, its trade value with the U.S. reached almost 7.9 billion U.S. dollars, out of which exports accounted for 2.79 billion dollars. Guatemala and Honduras, El Salvador''s border neighbors, came in second and fourth place, respectively, in terms of total trading value. In the same year, El Salvador recorded a trade deficit of almost ten billion U.S. dollars, which is approximately twice of what it was a decade ago in 2012.
With a population of 6.34 million people as of 2022, El Salvador stands as the fourth most populous country in Central America. The country also ranked fourth on the continent in terms of gross domestic product (GDP) that year, at 31.6 billion U.S. dollars. Of this, the service industry made the largest contribution, at approximately 60 percent. The country''s GDP is expected to follow a steady, constant upwards trajectory in the next half-decade, reaching an estimated 42 billion U.S. dollars in 2028.
The source does not provide an exact date of publication. The release date given is the date of access. Figures were rounded.
*Water and other beverages include mineral and carbonated water with added sugars/sweeteners/flavors; other non-alcoholic beverages (except fruit or vegetable juices)
Agriculture and Agribusiness
With its commitment, excellence, and competitiveness, the Salvadoran plastics sector is positioned as an active supplier in the international market. With a wide range of companies dedicated to the manufacture, transformation, and recycling of plastics, this sector plays a vital role in El Salvador’s economic growth.
Exported products (2023)
Export destinations (2023)
Is an official site for the assistance and consultancy of investors, exporters or companies interested in expanding their business within the favorable economic and social environment that El Salvador offers in multiple economic industries.
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The United States continues to be El Salvador''s leading trade partner and a highly receptive market for U.S. products and services. In 2022, U.S. merchandise exports to El Salvador totaled about USD 4.9 billion, comprising 30% of the imports into El Salvador. El Salvador''s merchandise exports to the United States were USD 2.8 billion in 2022, about 39% of their total exports.
El Salvador''s economy is predominantly services-based; the Gross Domestic Product (GDP) in 2022 was USD 32.4 billion, economic activities with greatest growth were electricity with 14.4%, professional and technical services with 9.4%, and construction with 8.3% growth, according to the Central Bank in El Salvador.
U.S. companies exporting to El Salvador benefit from the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) with zero percent duties on U.S. consumer and industrial goods. CAFTA-DR entered into force on March 1, 2006, and has contributed to dramatic increases in the United States'' bilateral trade with El Salvador and broader trade throughout the Central American region.
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