Exporting guide 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.
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
Want to see more on El Salvador? Sign up for additional market data, content specific to your product or sector and to compare El Salvador side by side with other markets.
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.
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.
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.
