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Mexico's main exports to El Salvador include: electrical equipment and machinery, food based products, fruits, dairy, medicine, chemicals, and motor vehicles. [ 21 ] In 2023, Mexico was the second largest foreign direct investor in El Salvador with US$94 million invested in the country. [ 22 ]
El Salvador's balance of payments continued to show a net surplus. Exports in 1999 grew 1.9% while imports grew 3%, narrowing El Salvador's trade deficit. As in the previous year, the large trade deficit was offset by foreign aid and family remittances. Remittances are increasing at an annual rate of 6.5%, and an estimated $1.35 billion will ...
However, in contrast to Mexico, El Salvador is a small country, largely dependent on the Lempa River as a primary water source. Any large-scale operations, particularly in the gold-rich north of ...
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.
A 2011 Federal Reserve report indicated that the maquiladora industry affects U.S. border city employment in service sectors. [14] Although the maquiladora industry suffered due to the early 2000s recession, maquiladoras constituted 54% of the US-Mexico trade in 2004, and by 2005, the maquiladora exports accounted for half of Mexico's exports. [13]
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
In Mexico, for example, the Ford Motor Company set up a plant in 1925, and the automotive industry in Mexico includes most of the major car makers. [42] [43] Assembly plants known as maquiladoras or maquilas, where imported components are turned into finished products and then exported have boomed along the U.S.–Mexico border. [44]
Location of El Salvador. El Salvador is the smallest and the most densely populated country in Central America.El Salvador's capital and largest city is San Salvador.As of 2015, the country had a population of approximately 6.83 million, consisting largely of Mestizos of European and Indigenous American descent.