2022
Flag  
GDP
$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH
51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$5,127CURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP PC GROWTH
47.7%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

El Salvador-Bulgaria Trade: In 2022, El Salvador exported $438k to Bulgaria. The main products that El Salvador exported to Bulgaria were Raw Sugar ($434k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.64k), and Awnings, Tents, and Sails ($730). Over the past 5 years the exports of El Salvador to Bulgaria have increased at an annualized rate of 21.9%, from $163k in 2017 to $438k in 2022.

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

Bulgaria-El Salvador Trade: In 2022, Bulgaria exported $3.85M to El Salvador. The main products that Bulgaria exported to El Salvador were Electrical Transformers ($779k), Medical Instruments ($770k), and Starches ($254k). Over the past 5 years the exports of Bulgaria to El Salvador have increased at an annualized rate of 12.3%,  from $2.16M in 2017 to $3.85M in 2022.

In 2019, Bulgaria exported services to El Salvador worth $2.28M, with Other business services ($913k), Travel ($685k), and Computer and information services ($685k) being the largest in terms of value.

Comparison: In 2022,  El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, El Salvador exported $438k to Bulgaria. The main products exported from El Salvador to Bulgaria were Raw Sugar ($434k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.64k), and Awnings, Tents, and Sails ($730). During the last 5 years the exports of El Salvador to Bulgaria have increased at an annualized rate of 21.9%, from $163k in 2017 to $438k in 2022.

In 2017, Bulgaria exported $3.85M to El Salvador. The main products exported from Bulgaria to El Salvador were Electrical Transformers ($779k), Medical Instruments ($770k), and Starches ($254k). During the last 5 years the exports of Bulgaria to El Salvador have increased at an annualized rate of 12.3%, from $2.16M in 2022 to $3.85M in 2017.

Exports from El Salvador (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to El Salvador (Flag) (2022)

Latest Data

Trade between El Salvador (Flag) and Bulgaria (Flag)

El Salvador Exports

Bulgaria Exports

Market Competitiveness

Color
El Salvador
Top Destination
United States$2.87B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from El Salvador than Bulgaria included United States ($2.87B), Guatemala ($1.21B), and Honduras ($1.18B).

In 2022, countries that imported more from Bulgaria than El Salvador included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

Difference in imports from Bulgaria (Flag) and El Salvador (Flag) (2022)

Comparative Advantage El Salvador - Bulgaria

Flow
Scale

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

During 2022, El Salvador had a large net trade with Bulgaria in the exports of Foodstuffs ($434k), Textiles ($2.37k), and Miscellaneous ($1.04k).

During 2017, Bulgaria had a large net trade with El Salvador in the exports of Machines ($1.2M), Instruments ($821k), and Vegetable Products ($484k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Bulgaria+$493kRaw Sugar
Top Product Potential Bulgaria El Salvador+$293kMedical Instruments

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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Bilateral Service Trade

In 2019, Bulgaria exported services to El Salvador worth $2.28M, with Other business services ($913k), Travel ($685k), and Computer and information services ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to El Salvador (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of El Salvador (Flag) and Bulgaria (Flag) (2022)

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