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*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
The U.S. is El Salvador’s main trading partner. U.S. companies exporting to El Salvador benefit from the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) with zero percent duties on U.S. consumer and industrial goods. El Salvador has a dollarized economy, which eliminates foreign exchange risk and lowers transaction and financial costs. El Salvador’s proximity to the U.S. give it a strategic location and elevates its position as a regional hub for Central America.
Penetration of wi-fi networks is increasing and therefore access to internet is common. The Electronic Signature law was passed in 2015, which deemed the electronic signature is equivalent to an ink signature. Ecommerce revenue is projected to reach $380 million in 2020 and increase by 14% with annual revenue of $731 million by 2025. The largest ecommerce segment is electronics and media.
In Latin America, even though cash-based payments are hard to beat in ecommerce (with notoriously convenient kiosk cash payments methods such as Boleto Bancário, or OXXO setting the tone these days), central banks actively collaborate with the fintech environment and the government to create a climate of financial inclusion and offer unbanked citizens easy means of paying and purchasing online in faster and safer conditions.
Cross-Border Fulfillment: Landed Cost is Available.
In-Country Fulfillment: Not available