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El Salvador has already signed free trade agreements with Mexico, Chile, the Dominican Republic, and Panama, and increased its exports to those countries. El Salvador, Guatemala, Honduras, and Nicaragua also are negotiating a free trade agreement with Canada, and negotiations started on 2006 for a free trade agreement with Colombia.
As with other former colonies, El Salvador was considered a mono-export economy (an economy that depended heavily on one type of export) for many years. During colonial times, El Salvador was a thriving exporter of indigo , but after the invention of synthetic dyes in the 19th century, the newly created modern state turned to coffee as the main ...
Green Coffee processing in Ahuachapán. Coffee production in El Salvador has fueled the Salvadoran economy and shaped its history for more than a century. Rapidly growing in the 19th century, coffee in El Salvador has traditionally provided more than 50% of the country's export revenues, reaching a peak in 1980 with a revenue of more than $615 million.
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.
Exports of goods and services (US$ million) by country [1] Country Exports Year Top goods export (2021) [2] [needs update] ... El Salvador: 10,129 2022 Clothing
El Salvador's economy is expected to grow 3% this year, according to the International Monetary Fund, but it has a heavy debt burden that hit a level of around 85% of gross domestic product ...
El Salvador: According to the World Bank, El Salvador is the fourth-largest economy in the region, and has a GDP PPP of $50,903 million. [3] The Salvadoran economy grew by 3% in 2010, after a strong contraction in 2009. [8] Honduras: Is the second-poorest country in Central America, with 60% living in poverty according to the CIA World Factbook.
The major commodities that El Salvador exports to China are electrical capacitors, raw sugar, and coffee. Between 1995 and 2019, exports from El Salvador to China have increased at an annualized rate of 14.7%, while exports from China to El Salvador have increased at an annualized rate of 16.6%. [6]