El Salvador exports mainly manufactured products (97 percent of total sales), such as textiles, chemicals ,rubber and plastics and metallic products. The country is also a traditional exporter of sugar and coffee. The main export partner is the United States with 45 percent of total sales.
What is El Salvador’s biggest import?
El Salvador’s main imports are: chemicals; machinery and equipment; food; refined petroleum products and transport equipment. El Salvador main import partner is the United States with 32 percent of total imports. Others include: China, Guatemala, Mexico and Honduras.
What is El Salvador’s biggest industry?
El Salvador: Economy
|Economic Trivia||El Salvador has the third largest economy in Central America.|
|Top Industries||Food Processing; Beverages; Petroleum; Chemicals|
What is El Salvador’s important products?
The most important agricultural products in El Salvador are coffee, cotton, corn (maize), and sugarcane. Several species of palm and coconut trees grow in the coastal zone, and there are many varieties of tropical fruit, such as coconut, tamarind, melon, watermelon, and mango.
What are El Salvador’s imports and exports?
Economy of El Salvador
|Export goods||offshore assembly exports, coffee, sugar, textiles and apparel, gold, ethanol, chemicals, electricity, iron and steel manufactures|
|Main export partners||United States 45.8% Guatemala 14.9% Honduras 9.6% Nicaragua 5.8% (2012 est.)|
|Imports||$10.44 billion (2012 est.)|
What are Colombia’s exports?
Top Colombia Exports
- Crude Petroleum and Coal Briquettes. This is by far the largest export commodity in Colombia. …
- Coffee and Spices. Using data from 2018, Coffee and spices made up 5.6 % of the total exports. …
- Gems and Precious Metals. …
- Plastics. …
- Live Trees and Cut Flowers. …
- Fruits and Nuts. …
- Steel and Iron. …
What are 3 major industries in El Salvador?
Some of the largest industries in El Salvador include agriculture, tourism, and manufacturing, among others.
- Tourism. Tourism is one of the essential industries in El Salvador, and in 2014, about 1.4 million foreign tourists visited the country. …
- Manufacturing. …
Why did El Salvador adopt Bitcoin?
The Bitcoin law, which came into force on Sept. … Bukele is touting Bitcoin as a way for Salvadorans to reduce the fees they pay to send and receive remittances—which make up 22% of El Salvador’s GDP, mostly from the U.S.—and as a way for the 70% of Salvadorans who are unbanked to access financial services.
What are major industries in Honduras?
Economy of Honduras
|Main industries||sugar processing, coffee, woven and knit apparel, wood products, cigars|
|Ease-of-doing-business rank||133rd (medium, 2020)|
|Exports||$8.675 billion (2017 est.)|
What is the main export of Nicaragua?
Economy of Nicaragua
|Export goods||coffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel|
|Main export partners||United States 44.2% El Salvador 6.4% Venezuela 5.5% Costa Rica 5.5% Canada 4.6% Mexico 4.3% (2017)|
|Imports||$6.613 billion (2017 est.)|
What are El Salvador’s natural resources?
Natural resources: hydropower, geothermal power, petroleum, arable land. Industries: Food and beverage processing, textiles, footwear and clothing, chemical products, petroleum products, electronics.
What type of economy is in El Salvador?
El Salvador has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation.
What does the US get from El Salvador?
U.S. exports to El Salvador consist primarily of fuel products, aircraft, equipment, cereals (yellow corn, rice, and wheat), soybeans, and cotton. U.S. imports from El Salvador include apparel (77 percent) and agricultural products (coffee, tea, and sugars).
Who does El Salvador trade with?
In 2018, El Salvador major trading partner countries for exports were United States, Honduras, Guatemala, Nicaragua and Costa Rica and for imports they were United States, China, Guatemala, Mexico and Honduras.