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).
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 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).
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.