El Salvador (SLV) and Honduras (HND) Trade | The Observatory of Economic Complexity

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El Salvador-Honduras Trade: In 2022, El Salvador exported $1.18B to Honduras. The main products that El Salvador exported to Honduras were Knit Sweaters ($114M), Knit T-shirts ($100M), and Plastic Lids ($96.8M). Over the past 5 years the exports of El Salvador to Honduras have increased at an annualized rate of 8.31%, from $795M in 2017 to $1.18B in 2022.

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

Honduras-El Salvador Trade: In 2022, Honduras exported $940M to El Salvador. The main products that Honduras exported to El Salvador were Knit T-shirts ($249M), Knit Men's Undergarments ($58.1M), and Palm Oil ($51.1M). Over the past 5 years the exports of Honduras to El Salvador have increased at an annualized rate of 14%, from $488M in 2017 to $940M in 2022.

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

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, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, El Salvador exported $1.18B to Honduras. The main products exported from El Salvador to Honduras were Knit Sweaters ($114M), Knit T-shirts ($100M), and Plastic Lids ($96.8M). During the last 5 years the exports of El Salvador to Honduras have increased at an annualized rate of 8.31%, from $795M in 2017 to $1.18B in 2022.

In 2017, Honduras exported $940M to El Salvador. The main products exported from Honduras to El Salvador were Knit T-shirts ($249M), Knit Men's Undergarments ($58.1M), and Palm Oil ($51.1M). During the last 5 years the exports of Honduras to El Salvador have increased at an annualized rate of 14%, from $488M in 2022 to $940M in 2017.

Exports from El Salvador () to Honduras () (2022)

Exports from Honduras () to El Salvador () (2022)

Latest Data

Trade between El Salvador () and Honduras ()

El Salvador Exports

Date

Honduras Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

El Salvador
Top DestinationUnited States$2.87B

Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from El Salvador than Honduras included Guatemala ($1.21B), Costa Rica ($304M), and Panama ($146M).

In 2022, countries that imported more from Honduras than El Salvador included United States ($6.31B), Nicaragua ($1.02B), and Germany ($462M).

Difference in imports from Honduras () and El Salvador () (2022)

Comparative Advantage El Salvador - Honduras

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, El Salvador had a large net trade with Honduras in the exports of Textiles ($454M), Plastics and Rubbers ($145M), and Foodstuffs ($123M).

During 2017, Honduras had a large net trade with El Salvador in the exports of Textiles ($498M), Animal and Vegetable Bi-Products ($80.1M), and Foodstuffs ($71.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential El Salvador Honduras+$7.73MRefined Petroleum

Top Product Potential Honduras El Salvador+$8.64MKnit Sweaters

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from El Salvador () to Honduras () (2022)

Exports from Honduras () to El Salvador () (2022)

Latest Data

Trade between El Salvador () and Honduras ()

El Salvador Exports

Honduras Exports

Market Competitiveness

Difference in imports from Honduras () and El Salvador () (2022)

Comparative Advantage El Salvador - Honduras

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of El Salvador () and Honduras () (2022)

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