El Salvador

El Salvador ranked No. 61 in total trade value through June with a total of $2.04 billion. Exports totaled $1.28 billion and Imports totaled $757.87 million, a surplus of $520.59 million.

U.S. trade with El Salvador rose to $2.04 billion through June

El Salvador’s trade with the United States rose to $2.04 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29 percent below its total trade during the same time period last year. U.S. exports to El Salvador decreased 24.13 percent while U.S. imports from El Salvador fell 35.95 percent. The U.S. surplus with El Salvador was $520.59 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Miami Int’l Airport; No. 3 Port Everglades, Fla.; No. 4 Port of New Orleans; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Port of Gulfport, Miss.; No. 4 Miami Int’l Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 57.74 percent of El Salvador’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 46.94 percent to $306.62 million.
    Exports fell 44.92 percent to $161.48 million. Imports fell 49.03 percent to $145.13 million.
  • Trade with No. 2 Miami Int’l Airport fell 1.14 percent to $286.22 million.
    Exports fell 17.04 percent to $178.72 million. Imports rose 45.07 percent to $107.5 million.
  • Trade with No. 3 Port Everglades, Fla. fell 32.96 percent to $233.4 million.
    Exports fell 23.51 percent to $99.85 million. Imports fell 38.62 percent to $133.55 million.
  • Trade with No. 4 Port of New Orleans fell 17.67 percent to $180.25 million.
    Exports fell 17.82 percent to $171.85 million. Imports fell 14.63 percent to $8.4 million.
  • Trade with No. 5 Port of Houston rose 15.94 percent to $169.25 million.
    Exports rose 35.26 percent to $129.88 million. Imports fell 21.19 percent to $39.37 million.

El Salvador ranked No. 61 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 59.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to El Salvador by value through June were the categories of Gasoline, other fuels; Corn; Worn clothing, other worn textile articles; Low value shipments; and Soybean oilcake, other solid residue, not ground, respectively. They accounted for 34.14 percent of total exports to El Salvador.

The value of the top five categories of U.S. imports from El Salvador –– T-shirts, tank tops, knit or crocheted; Sweaters, pullovers, vests, knit or crocheted; Returned exports, without change; Pantyhose, socks; and Cane, beet sugar, solid form –– accounted for 51.64 percent of all inbound shipments.

Looking more closely at U.S. exports to El Salvador:

  • Gasoline, other fuels fell 37 percent compared to last year to $237.02 million.
  • Corn fell 16.72 percent compared to last year to $57.25 million.
  • Worn clothing, other worn textile articles rose 400.84 percent compared to last year to $55.61 million.
  • Low value shipments fell 25.26 percent compared to last year to $44.5 million.
  • Soybean oilcake, other solid residue, not ground rose 14.17 percent compared to last year to $42.02 million.

Looking more closely at U.S. imports from El Salvador:

  • T-shirts, tank tops, knit or crocheted fell 44.72 percent compared to last year to $157.48 million.
  • Sweaters, pullovers, vests, knit or crocheted fell 48.42 percent compared to last year to $98.5 million.
  • Returned exports, without change rose 48.76 percent compared to last year to $53.99 million.
  • Pantyhose, socks fell 55.3 percent compared to last year to $48.15 million.
  • Cane, beet sugar, solid form rose 29.09 percent compared to last year to $33.23 million.

In the latest annual figures available, El Salvador recorded $5.86 billion in trade with the United States. Total U.S. exports to El Salvador were $ 3.38 billion and imports from El Salvador were $2.48 billion. The U.S. surplus with El Salvador was $899.36 million.