Overview In 2020, El Salvador was the number 106 economy in the world in terms of GDP (current US$), the number 111 in total exports, the number 97 in total imports, the number 131 economy in terms of GDP per capita (current US$) and the number 67 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of El Salvador are Knit T-shirts ($573M), Knit Sweaters ($259M), Electrical Capacitors ($258M), Raw Sugar ($217M), and Plastic Lids ($216M), exporting mostly to United States ($2.01B), Guatemala ($876M), Honduras ($779M), Nicaragua ($367M), and Costa Rica ($235M).

Imports The top imports of El Salvador are Refined Petroleum ($659M), Broadcasting Equipment ($300M), Electric Generating Sets ($264M), Petroleum Gas ($256M), and Packaged Medicaments ($242M), importing mostly from United States ($2.7B), China ($1.36B), Guatemala ($1.32B), Mexico ($968M), and Honduras ($658M).

Location El Salvador borders Guatemala by land and Honduras and Nicaragua by sea.

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The following section uses the most recent trade data from partners of El Salvador.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Latest Data (dev)

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Knit T-shirts, $573M

Top Destination (2020): United States, $2.7B

In 2020, El Salvador exported a total of $5.31B, making it the number 111 exporter in the world. During the last five reported years the exports of El Salvador have changed by -$531M from $5.84B in 2015 to $5.31B in 2020.

The most recent exports are led by Knit T-shirts ($573M), Knit Sweaters ($259M), Electrical Capacitors ($258M), Raw Sugar ($217M), and Plastic Lids ($216M). The most common destination for the exports of El Salvador are United States ($2.01B), Guatemala ($876M), Honduras ($779M), Nicaragua ($367M), and Costa Rica ($235M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

El Salvador Exports Services (2020): $1.45B

El Salvador Imports Services (2020): $1.15B

In 2020, El Salvador exported $1.45B worth of services. The top services exported by El Salvador in 2020 were Personal travel ($623M), Telecommunications services ($162M), Air transport ($129M), Miscellaneous business, professional, and technical services ($124M), and Government services, n.i.e. ($104M).

The top services imported by El Salvador in 2020 were Sea transport ($378M), Personal travel ($147M), Reinsurance ($142M), Other transport ($112M), and Royalties and license fees ($97.7M).

Economic Complexity

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Most Specialized Products by RCA Index

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El Salvador has a high level of specialization in Molasses (143), Cereal Flours (99.4), Asbestos Cement Articles (73), Knit Men's Undergarments (61.3), and Knit T-shirts (45.4). Specialization is measured using RCA, an index that takes the ratio between El Salvador observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of El Salvador according to the product complexity index (PCI) are Flat-Rolled Iron (1.37), Flat Flat-Rolled Steel (1.36), Electrical Capacitors (1.29), Ink Ribbons (1.05), and Sewing Machines (0.95). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for El Salvador according to the relatedness index, are Bananas (0.27), Non-Knit Men's Suits (0.27), Raw Tobacco (0.27), Palm Oil (0.27), and Other Vegetables (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that El Salvador is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of El Salvador. These are products that tend to be co-exported with the products that El Salvador exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years El Salvador's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨57th to the 67th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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