2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH
51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$5,127CURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP PC GROWTH
47.7%CURRENT US$
Rnk 38 / 186

About

Belgium-El Salvador Trade: In 2022, Belgium exported $49.7M to El Salvador. The main products that Belgium exported to El Salvador were Vaccines, blood, antisera, toxins and cultures ($21.2M), Poultry Meat ($2.6M), and Organo-Sulfur Compounds ($2.56M). Over the past 5 years the exports of Belgium to El Salvador have increased at an annualized rate of 13.5%, from $26.5M in 2017 to $49.7M in 2022.

In 2019, Belgium exported services to El Salvador worth $264M, with Other business services ($112M), Communications services ($56M), and Travel ($35.8M) being the largest in terms of value.

El Salvador-Belgium Trade: In 2022, El Salvador exported $26.9M to Belgium. The main products that El Salvador exported to Belgium were Coffee ($17.2M), Leather Footwear ($2.5M), and Knit Men's Coats ($1.4M). Over the past 5 years the exports of El Salvador to Belgium have increased at an annualized rate of 13.3%,  from $9.89M in 2017 to $26.9M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $49.7M to El Salvador. The main products exported from Belgium to El Salvador were Vaccines, blood, antisera, toxins and cultures ($21.2M), Poultry Meat ($2.6M), and Organo-Sulfur Compounds ($2.56M). During the last 5 years the exports of Belgium to El Salvador have increased at an annualized rate of 13.5%, from $26.5M in 2017 to $49.7M in 2022.

In 2017, El Salvador exported $26.9M to Belgium. The main products exported from El Salvador to Belgium were Coffee ($17.2M), Leather Footwear ($2.5M), and Knit Men's Coats ($1.4M). During the last 5 years the exports of El Salvador to Belgium have increased at an annualized rate of 13.3%, from $9.89M in 2022 to $26.9M in 2017.

Exports from Belgium (Flag) to El Salvador (Flag) (2022)

Exports from El Salvador (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
El Salvador
Top Destination
United States$2.87B

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

In 2022, countries that imported more from Belgium than El Salvador included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from El Salvador than Belgium included Honduras ($1.18B), Guatemala ($1.21B), and Nicaragua ($497M).

Difference in imports from El Salvador (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - El Salvador

Flow
Scale

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

During 2022, Belgium had a large net trade with El Salvador in the exports of Chemical Products ($33.1M), Foodstuffs ($3.24M), and Plastics and Rubbers ($3.06M).

During 2017, El Salvador had a large net trade with Belgium in the exports of Vegetable Products ($17.2M), Textiles ($4.73M), and Footwear and Headwear ($2.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium El Salvador+$3.58MPackaged Medicaments
Top Product Potential El Salvador Belgium+$3.21MCoffee

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

Product Space of Belgium (Flag) and El Salvador (Flag) (2022)

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