El Salvador Export Data: The Trade Analysis of 2024

EL Salvador, located in Central America on the Pacific coast of the Isthmus, which connects North and South America, is currently a top exporter in the global trade market. The country has exported goods worth a billion, representing a 6.8% increase in 2024. EL Salvador Import Data says, that despite different global challenges, the textiles and the Apparel sector has solidified its position as the topmost export commodity of the nation, followed by plastic goods and agro-commodities. Foreign direct investment and the use of the US dollar have facilitated the transaction of EL Salvador with North American markets. Alongside the Central America-Mexico-US free trade with deep ties of regional partners has enhanced the market access.

The upward trajectory of the growing global demands of specific commodities from the management authorities of EL Salvador has led to an export trade value of 6.87 billion US dollars in 2024. The robust growth in specific sectors like apparel, plastics, and electrical machinery has fuelled up the overall revenue rate. Import Globals with its EL Salvador trade data gives a detailed analysis of the overall valuation of different commodities exported from the nation to the topmost importers. The trade sheet caters to the needs of the business holders regarding the potential marketing regions where they can invest their services to get a positive upward trajectory in their service expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF EL SALVADOR IN 2024

The government authorities’ increasing interest in the export trade sector has fuelled the revenue rate. The port modernization via the Yil Port-CEPA partnership has resulted in a strategic infrastructure upgrade. The initiative includes dredging to accommodate larger vessels while fostering export logistics. The Export Subsidies for Small and Medium Enterprises, launched by the National Commission for Micro and Small Enterprises, has offered market analysis, export training, and specialized support to the management firms, helping around 60 authorities in sectors like craft, food, and technology fueling up their products to be export-ready.

National Intellectual Property Strategy, initiated under the National IP Firm, has offered capacity building for IP protection, commercialization, and enforcement, strengthening the incentives for innovation, while evolving the exportable technologies in startups. The Tax and Regulatory Incentives for Export and Tech enacted via the Multiple Loss to Stimulate the Export Link in Tech-Driven Industries has offered tax exemptions for exports while providing grants of 15 years of tax relief and import duty exemptions for companies in software, AI, semiconductors, and hardware production.

THE LEADING VARIANTS OF GOODS EXPORTED FROM EL SALVADOR IN 2024

EL Salvador’s increasing diversification in the export portfolio has resulted in a better trade revenue rate. According to the EL Salvador Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Knit apparel — The total valuation of Knit apparel exported from EL Salvador in 2024–2.43 billion US dollars
  2. Plastic products- The total valuation of Plastic products exported from EL Salvador in 2024–1.24 billion US dollars
  3. Electrical machinery — The total valuation of Electrical machinery exported from EL Salvador in 2024–987 million US dollars
  4. Cardboard products- The total valuation of Cardboard products exported from EL Salvador in 2024–765 million US dollars
  5. Sugar and sugar confectionery — The total valuation of Sugar and sugar confectionery exported from EL Salvador in 2024–689 million US dollars
  6. Coffee- The total valuation of Coffee exported from EL Salvador in 2024–576 million US dollars
  7. Pharmaceutical products — The total valuation of Pharmaceutical products exported from EL Salvador in 2024–445 million US dollars
  8. Iron and steel articles- The total valuation of Iron and steel articles exported from EL Salvador in 2024–378 million US dollars
  9. Prepared food products and cereals — The total valuation of Prepared food products and cereals exported from EL Salvador in 2024–265 million US dollars
  10. Mineral fuels and oils — The total valuation of Mineral fuels and oils exported from EL Salvador in 2024–186 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF EL SALVADOR IN 2024

The stability in the bilateral trade relationships of EL Salvador with the emerging markets has contributed a substantial share in the revenue rate. According to the EL Salvador Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. United States — The total annual trade value of goods exported from EL Salvador to the United States in 2024–1.82 billion US dollars

Top 5 variants of goods exported

a) T-shirts (knitted or crocheted)

b) Plastic packaging articles

c) Toilet paper rolls

d) Cane sugar (raw)

e) Insulated electrical wires

2. Guatemala — The total annual trade value of goods exported from EL Salvador to Guatemala in 2024–1.23 billion US dollars

Top 5 variants of goods exported

a) Sweaters and pullovers

b) Socks and hosiery

c) Iron or steel bars

d) Milk-based food preparations

e) Paper tissues and napkins

3. Honduras — The total annual trade value of goods exported from EL Salvador to Honduras in 2024–867 million US dollars

Top 5 variants of goods exported

a) Refined petroleum products

b) Plastic caps and closures

c) Woven cotton shirts

d) Electrical capacitors

e) Roasted coffee

4. Nicaragua — The total annual trade value of goods exported from EL Salvador to Nicaragua in 2024–765 million US dollars

Top 5 variants of goods exported

a) Men’s trousers (woven)

b) Instant soups

c) Sugar syrups

d) Plastic bottles

e) Pasta products

5. Costa Rica — The total annual trade value of goods exported from EL Salvador to Costa Rica in 2024–543 million US dollars

Top 5 variants of goods exported

a) Medicaments in measured doses

b) Non-alcoholic flavored beverages

c) Used clothing

d) Prepared seafood (fish fillets, frozen)

e) Aluminum foil wrappers

6. Panama — The total annual trade value of goods exported from EL Salvador to Panama in 2024–478 million US dollars

Top 5 variants of goods exported

a) Iron or steel pipes and fittings

b) Knitted cardigans

c) Electrical fuses and circuit breakers

d) Laundry detergents

e) Plastic tableware

7. Mexico — The total annual trade value of goods exported from EL Salvador to Mexico in 2024–342 million US dollars

Top 5 variants of goods exported

a) Infant formula

b) Adhesive tapes

c) Biscuits and cookies

d) Energy drinks

e) Plastic films and sheets

8. Dominican Republic — The total annual trade value of goods exported from EL Salvador to Dominican Republic in 2024–289 million US dollars

Top 5 variants of goods exported

a) Batteries (dry cell)

b) Coffee extracts

c) Electric switchboards

d) Textile hats and headgear

e) Hair shampoo

9. China — The total annual trade value of goods exported from EL Salvador to China in 2024–166 million US dollars

Top 5 variants of goods exported

a) Pasta sauces

b) Packaged rice

c) Diapers (adult and infant)

d) Paints and varnishes

e) Bottled mineral water

10. Spain — The total annual trade value of goods exported from EL Salvador to Spain in 2024–142 million US dollars

Top 5 variants of goods exported

a) Wheat flour

b) Knitted women’s blouses

c) Margarine and spreads

d) Cleaning liquids

e) Steel nails and fasteners

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