El Salvador experiences 7.5% decline in exports from January to May 2023

INSUBCONTINENT EXCLUSIVE:
in 2022 to US$2.850 billion in 2023.The United States remains the primary buyer of Salvadoran goods and services in 2023, accounting for
US$1.041 billion, followed by Guatemala and Honduras with US$503.4 million and US$434.2 million, respectively.Imports during the first five
months of this year totaled US$6.474 billion, a 9.2% decrease from US$7.135 billion in the same period in 2022.Central Bank El Salvador
(Photo Internet reproduction)Consequently, El Salvador has a trade deficit of Us$3.625 billion, which is 10.6% lower than the US$4.053
billion deficit recorded in 2022, according to BCR data.The Central Bank predicts that the Salvadoran economy will grow between 2% and 3% in
2023, driven by domestic demand.In 2022, the growth rate stood at 2.6%