El Salvador, a thriving participant in global trade, has shown promising growth in the tapioca starch market.
El Salvador’s Tapioca Starch Exports
In 2021, El Salvador exported $14.3k worth of tapioca starch, securing the 62nd position among the largest global exporters of this product. Tapioca starch ranked as the 1854th most exported product from El Salvador during the same year.
The primary destination for El Salvador’s tapioca starch exports was Guatemala, with the entirety of the export volume amounting to $14.3k.
El Salvador’s export success to Guatemala highlights the close trade ties and the growing demand for its tapioca starch in this market.
El Salvador experienced impressive growth in its export market for tapioca starch between 2020 and 2021. Guatemala emerged as the fastest-growing market, contributing $1.56k to El Salvador’s export growth. This significant expansion indicates the increasing popularity of El Salvador’s tapioca starch in Guatemala.
El Salvador’s Tapioca Starch Imports
In 2021, El Salvador imported $242k worth of tapioca starch, securing the 71st position among the largest importers of this product globally. Tapioca starch ranked as the 2183rd most imported product in El Salvador during the same year.
Nicaragua served as the largest supplier of tapioca starch to El Salvador, contributing $211k to the import market. Guatemala and Thailand followed suit, with imports amounting to $14.6k and $11.5k, respectively. Additionally, El Salvador sourced tapioca starch from Brazil ($4.43k) and Honduras ($828) to fulfill its domestic demand.
Between 2020 and 2021, El Salvador witnessed significant growth in its import markets for tapioca starch. Nicaragua led the pack with a substantial increase of $99k in imports during this period. Guatemala also experienced notable growth, contributing an additional $14.6k to the import market. Moreover, imports from Brazil increased by $4.01k, showcasing emerging trade opportunities in this market.
Data from BACI