El Salvador: Agricultural Exports Up 20%
11 Feb 2016The United States remains the main buyer, with 47%, of total exports, 97% of which are products from the manufacturing industry.
Foreign Trade Report 2015 by the Central Bank:
Exports closed with a growth of 4%, the highest in the last four years (2012- 2014 grew by 0.2% on average), while imports closed with a rate of -0.9%. These results led to a contraction of the deficit of $309.7 million.
When evaluated in terms of GDP exports remained at about 21% and imports fell by 41.8% from April 1 to 40.1% of GDP, decelerated by lower oil prices and other commodities. The trade deficit was also reduced by 1.2 points of GDP, in absolute terms, reaching -19%.
Source: centralamericadata.com