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2023
Flag → Flag
Exports $511MRnk 4 / 150
2023
Flag → Flag
Top Product $49MPetroleum Gas
2023
Flag → Flag
Exports $488MRnk 3 / 149
2023
Flag → Flag
Top Product $167MCheese
2023
Flag
Economic Complexity (ECI) ECI 0.0012Rnk 63 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $5,391CURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP PC GROWTH50.5%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

El Salvador-Nicaragua Trade: In 2023, El Salvador exported $511M to Nicaragua. The main products that El Salvador exported to Nicaragua were Petroleum Gas ($49M), Plastic Lids ($40.2M), and Packaged Medicaments ($33.7M). Over the past 5 years the exports of El Salvador to Nicaragua have increased at an annualized rate of 4.63%, from $408M in 2018 to $511M in 2023.

In 2023, El Salvador did not export any services to Nicaragua.

Nicaragua-El Salvador Trade: In 2023, Nicaragua exported $488M to El Salvador. The main products that Nicaragua exported to El Salvador were Cheese ($167M), Bovine Meat ($137M), and Dried Legumes ($41.7M). Over the past 5 years the exports of Nicaragua to El Salvador have increased at an annualized rate of 11.1%,  from $288M in 2018 to $488M in 2023.

In 2023, Nicaragua did not export any services to El Salvador.

Comparison: In 2023,  El Salvador ranked 63 in the Economic Complexity Index (ECI 0.0012), and 118 in total exports ($6.76B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, El Salvador exported $511M to Nicaragua. The main products exported from El Salvador to Nicaragua were Petroleum Gas ($49M), Plastic Lids ($40.2M), and Packaged Medicaments ($33.7M). During the last 5 years the exports of El Salvador to Nicaragua have increased at an annualized rate of 4.63%, from $408M in 2018 to $511M in 2023.

In 2018, Nicaragua exported $488M to El Salvador. The main products exported from Nicaragua to El Salvador were Cheese ($167M), Bovine Meat ($137M), and Dried Legumes ($41.7M). During the last 5 years the exports of Nicaragua to El Salvador have increased at an annualized rate of 11.1%, from $288M in 2023 to $488M in 2018.

Exports from El Salvador (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to El Salvador (Flag) (2023)

Latest Data

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

El Salvador Exports

Nicaragua Exports

Date

Market Competitiveness

Color
El Salvador
Top DestinationUnited States$2.41B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from El Salvador than Nicaragua included Guatemala ($1.15B), Honduras ($1.03B), and Dominican Republic ($142M).

In 2023, countries that imported more from Nicaragua than El Salvador included United States ($4.38B), Mexico ($1.04B), and Canada ($476M).

Difference in imports from Nicaragua (Flag) and El Salvador (Flag) (2023)

Comparative Advantage El Salvador - Nicaragua

Flow
Scale

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

During 2023, El Salvador had a large net trade with Nicaragua in the exports of Metals ($77.7M), Mineral Products ($77.6M), and Plastics and Rubbers ($66M).

During 2018, Nicaragua had a large net trade with El Salvador in the exports of Animal Products ($354M), Vegetable Products ($67.4M), and Foodstuffs ($26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Nicaragua+$4.46MKnit T-shirts
Top Product Potential Nicaragua El Salvador+$3.55MKnit T-shirts

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 El Salvador and Nicaragua. This means that a dot/product with the flag of El Salvador indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over El Salvador.

Product Space of El Salvador (Flag) and Nicaragua (Flag) (2023)

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