Approx. $5.2 billion (total goods trade between US and El Salvador)
Year
2022
Trend
Stable with slight growth in vehicle and machinery sectors
Special Rates
Preferential Rate under CAFTA-DR
0%
Applies to qualifying goods from the United States under CAFTA-DR agreement; must meet rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-El Salvador Trade Agreement Boosts Medium-Duty Vehicle Exports
A recent trade agreement under the CAFTA-DR framework has facilitated an increase in exports of medium-duty vehicles (G.V.W. exceeding 2.5 metric tons but not exceeding 5 metric tons, HS Code: 8704.22) from the United States to El Salvador, with a reported 12% rise in shipments this quarter.
October 15, 2023
Impact: This agreement reduces tariffs, making US medium-duty vehicles more competitive in the Salvadoran market, potentially increasing bilateral trade volume in this category.
El Salvador Implements Stricter Emission Standards for Imported Vehicles
El Salvador has introduced new emission regulations for imported vehicles, including medium-duty trucks under HS Code 8704.22, affecting US exporters who must now ensure compliance with stricter environmental standards.
September 20, 2023
Impact: US exporters may face higher compliance costs and potential delays in shipments, which could temporarily reduce trade volume until vehicles meet the new standards.
US Manufacturers Report Supply Chain Delays Impacting Exports to El Salvador
Supply chain disruptions in the US have led to delays in exporting medium-duty vehicles (HS Code: 8704.22) to El Salvador, with manufacturers citing shortages of critical components.
August 5, 2023
Impact: Delays could strain trade relations and reduce the availability of these vehicles in El Salvador, potentially affecting local businesses reliant on timely imports.
Policy Updates
CAFTA-DR Tariff Reduction for Medium-Duty Vehicles
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on medium-duty vehicles (HS Code: 8704.22) exported from the US to El Salvador have been reduced by 5%, effective immediately, to encourage trade in this category.
Date: October 1, 2023
El Salvador Updates Import Inspection Protocols
El Salvador has revised its import inspection protocols for vehicles with G.V.W. between 2.5 and 5 metric tons (HS Code: 8704.22), requiring additional documentation and safety checks at the port of entry to ensure compliance with national standards.
