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LatinNews Daily - 20 October 2022
In brief: El Salvador’s trade deficit rises
*El Salvador’s central bank (BCR) has released new figures which show that the country’s exports in the first nine months of 2022 totalled US$5.69bn, up 15.4% on the same period in 2021. Imports totalled US$13.5bn, up 24.4% on the same period in 2021. This leaves a trade deficit of US$7.8bn – up 31.9% on the same period in 2021. The manufacturing industry accounted for US$5.4bn of exports of which maquila exports totalled US$1.1bn and clothing production totalled US$1.0bn. As regards key imports, the BCR highlights petrol derivatives (among other things) which accounted for US$2.2bn, up 70.2% in value terms and up 18.7% in volume terms on the previous year.
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