2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 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 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 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

Ecuador-El Salvador Trade: In 2022, Ecuador exported $39.7M to El Salvador. The main products that Ecuador exported to El Salvador were Refined Petroleum ($8.44M), Iron Stovetops ($4.84M), and Cut Flowers ($3.45M). Over the past 5 years the exports of Ecuador to El Salvador have decreased at an annualized rate of 3.94%, from $48.5M in 2017 to $39.7M in 2022.

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

El Salvador-Ecuador Trade: In 2022, El Salvador exported $14.1M to Ecuador. The main products that El Salvador exported to Ecuador were Paper Containers ($3.05M), Scrap Aluminium ($2.07M), and Recovered Paper ($1.64M). Over the past 5 years the exports of El Salvador to Ecuador have increased at an annualized rate of 9.16%,  from $8.35M in 2017 to $14.1M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). 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, Ecuador exported $39.7M to El Salvador. The main products exported from Ecuador to El Salvador were Refined Petroleum ($8.44M), Iron Stovetops ($4.84M), and Cut Flowers ($3.45M). During the last 5 years the exports of Ecuador to El Salvador have decreased at an annualized rate of 3.94%, from $48.5M in 2017 to $39.7M in 2022.

In 2017, El Salvador exported $14.1M to Ecuador. The main products exported from El Salvador to Ecuador were Paper Containers ($3.05M), Scrap Aluminium ($2.07M), and Recovered Paper ($1.64M). During the last 5 years the exports of El Salvador to Ecuador have increased at an annualized rate of 9.16%, from $8.35M in 2022 to $14.1M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
El Salvador
Top Destination
United States$2.87B

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

In 2022, countries that imported more from Ecuador than El Salvador included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

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

Comparative Advantage Ecuador - El Salvador

Flow
Scale

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

During 2022, Ecuador had a large net trade with El Salvador in the exports of Metals ($9.27M), Mineral Products ($8.44M), and Stone And Glass ($6.28M).

During 2017, El Salvador had a large net trade with Ecuador in the exports of Paper Goods ($5.15M), Metals ($3.73M), and Chemical Products ($1.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador El Salvador+$485kPackaged Medicaments
Top Product Potential El Salvador Ecuador+$1.13MPackaged Medicaments

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 Ecuador and El Salvador. This means that a dot/product with the flag of Ecuador 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 Ecuador.

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

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