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Pricing

2022
Flag → Flag
Exports $270MRnk 86 / 220
2022
Flag → Flag
Top Product $109MFlat Flat-Rolled Steel
2022
Flag → Flag
Exports $66.8MRnk 12 / 145
2022
Flag → Flag
Top Product $20.1MRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.029Rnk 68 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$5,127CURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP PC GROWTH47.7%CURRENT US$
Rnk 38 / 186

About

South Korea-El Salvador Trade: In 2022, South Korea exported $270M to El Salvador. The main products that South Korea exported to El Salvador were Flat Flat-Rolled Steel ($109M), Delivery Trucks ($31.9M), and Cars ($26.7M). Over the past 5 years the exports of South Korea to El Salvador have increased at an annualized rate of 2.18%, from $243M in 2017 to $270M in 2022.

In 2022, South Korea did not export any services to El Salvador.

El Salvador-South Korea Trade: In 2022, El Salvador exported $66.8M to South Korea. The main products that El Salvador exported to South Korea were Raw Sugar ($20.1M), Electrical Capacitors ($18.7M), and Coffee ($6.59M). Over the past 5 years the exports of El Salvador to South Korea have increased at an annualized rate of 25.9%,  from $21.1M in 2017 to $66.8M in 2022.

In 2022, El Salvador did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $17M and imported $3.32M from El Salvador, resulting in a positive trade balance of $13.7M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-66k (-0.39%) from $17.1M to $17M, while imports increased by $1.2M (56.8%) from $2.12M to $3.32M.

Trade In September 2024, the top exports of South Korea to El Salvador were Iron & steel ($11M), Cars, tractors, trucks & parts thereof. ($3.42M), Optical, photo, & film equipment; medical... ($1.2M), Plastics & articles thereof ($822k), and Machinery, mechanical appliances, & parts ($606k). In September 2024 the top imports of South Korea from El Salvador were Electrical machinery and electronics ($1.26M), Copper articles ($304k), Coffee, tea, mate & spices ($216k), Knitted clothing accesories ($162k), and Aluminum articles ($106k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to El Salvador was explained primarily by an decrease in product exports in Iron & steel ($-10.9M or -49.8%), Chemical products n.e.s. ($-1.22M or -95.6%), and Plastics & articles thereof ($-948k or -53.6%). In September 2024, the increase in South Korea's year-by-year imports  from El Salvador was explained primarily by an increase in product imports  in Copper articles ($128k or 72.7%) and Coffee, tea, mate & spices ($45k or 26.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-66k(-0.39%)
IMPORT GROWTH (September 2023 - September 2024)$1.2M(56.8%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check El Salvador and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore El Salvador and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $270M to El Salvador. The main products exported from South Korea to El Salvador were Flat Flat-Rolled Steel ($109M), Delivery Trucks ($31.9M), and Cars ($26.7M). During the last 5 years the exports of South Korea to El Salvador have increased at an annualized rate of 2.18%, from $243M in 2017 to $270M in 2022.

In 2017, El Salvador exported $66.8M to South Korea. The main products exported from El Salvador to South Korea were Raw Sugar ($20.1M), Electrical Capacitors ($18.7M), and Coffee ($6.59M). During the last 5 years the exports of El Salvador to South Korea have increased at an annualized rate of 25.9%, from $21.1M in 2022 to $66.8M in 2017.

Exports from South Korea (Flag) to El Salvador (Flag) (2022)

Exports from El Salvador (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
El Salvador
Top DestinationUnited States$2.87B

This map shows whether countries import more from South Korea or El Salvador. Each country is colored based on the difference in imports they receive from South Korea and El Salvador or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than El Salvador included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from El Salvador than South Korea included Honduras ($1.18B), Guatemala ($1.21B), and Nicaragua ($497M).

Difference in imports from El Salvador (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - El Salvador

Flow
Scale

This chart compares trade between South Korea and El Salvador by product, considering products traded by both, South Korea and El Salvador.

During 2022, South Korea had a large net trade with El Salvador in the exports of Metals ($121M), Transportation ($68.7M), and Plastics and Rubbers ($25.5M).

During 2017, El Salvador had a large net trade with South Korea in the exports of Foodstuffs ($20.1M), Machines ($19.3M), and Metals ($11.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea El Salvador+$13.4MCars
Top Product Potential El Salvador South Korea+$3.71MCoffee

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and El Salvador. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over El Salvador. Similarly, a dot/product with the flag of El Salvador indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and El Salvador (Flag) (2022)

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