El Salvador’s Trade Deficit Widens Amid Rising Import Costs
September figures show continued pressure from global commodity prices.
El Salvador’s trade deficit expanded in September as higher import costs continued to outpace export growth, reflecting the country’s ongoing struggle with global economic headwinds.
Economists attribute the widening gap to increased demand for energy and manufactured goods, along with elevated shipping expenses.
The government has pledged to introduce new measures to strengthen domestic production and reduce dependency on foreign imports.