Exporting guide to El Salvador

Overview

El Salvador is part of Central America. It is located between Honduras and Guatemala. Despite being a small country, it has a population of 6.6 million (IMF, 2018) and has a reasonable consumer market for UK exporters.

Growing export market

Despite a drop in 2017, there has been consistent growth in the level of imports to El Salvador. Growth of 5.6% was expected in 2019 (IMF, 2019). Trade between the UK and El Salvador increased by 69% in the year to June 2019 from the previous fiscal year, reaching £49 million (IMF, 2018). This highlights a growing demand that UK exporters could benefit from.

Demand for goods and services

In the year to June 2019, the top goods exported from the UK to El Salvador were manufactured goods including furniture and electrical goods, as well as non-primary form plastics and toilet and cleansing preparations (ONS, 2019). The top services imported by El Salvador from the rest of the world were transport, travel, insurance, pension, financial and maintenance services (ITC Trade Map, 2019). If you operate in any of these industries, El Salvador could be a good market for you.

Viewing deck

El Salvador: at a glance

Currency

US dollar

Business language

Spanish

You are likely to need a translator

GDP per capita

$4,244

UK is $46,200 (IMF, 2021, projected figures)

Economic growth

9.0%

(IMF, 2021, projected figure)

Time zone

GMT -6

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

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Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

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Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.