Exporting to El Salvador
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.