Overview In 2020 El Salvador was the number 105 economy in the world in terms of GDP (current US$), the number 111 in total exports, the number 97 in total imports,
the number 122 economy in terms of GDP per capita (current US$) and the number 67 most complex economy according to the Economic Complexity Index (ECI).
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.
In 2020 El Salvador imported $10.3B, making it the number 97 trade destination in the world. During the last five reported years the imports of El Salvador changed by $259M from $10B in 2015 to $10.3B in 2020.
In 2019, El Salvador exported $2.37B worth of services. The top services exported by El Salvador in 2019 were Personal travel ($1.28B), Transportation ($488M), Computer and information services ($244M), Other business services ($109M), and Government services, n.i.e. ($92.7M).
The top services imported by El Salvador in 2019 were Transportation ($687M), Personal travel ($465M), Insurance services ($218M), Financial services ($177M), and Royalties and license fees ($97.7M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for El Salvador are:136: Most Favoured Nation duty rate treatement181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA182: Preferential tariff for Chile188: Preferential tariff for Chinese Taipei189: Preferential tariff for Colombia192: Preferential tariff for Costa Rica195: Preferential tariff for Cuba199: Preferential tariff for Dominican republic205: Preferential tariff for Ecuador218: Preferential tariff for European Union countries229: Preferential tariff for Guatemala233: Preferential tariff for Honduras270: Preferential tariff for Mexico279: Preferential tariff for Nicaragua285: Preferential tariff for Panama328: Preferential tariff for United States
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.
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.
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.
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.