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2023
Flag → Flag
Exports $6.4MRnk 119 / 201
2023
Flag → Flag
Top Product $2.29MCars
2023
Flag → Flag
Exports $86.4kRnk 103 / 150
2023
Flag → Flag
Top Product $70.8kElectrical Transformers
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.0012Rnk 63 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC$5,391CURRENT US$
Rnk 120 / 196
2013-2023
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GDP PC GROWTH50.5%CURRENT US$
Rnk 47 / 195

About

Hungary-El Salvador Trade: In 2023, Hungary exported $6.4M to El Salvador. The main products that Hungary exported to El Salvador were Cars ($2.29M), Pesticides ($388k), and Other Furniture ($341k). Over the past 5 years the exports of Hungary to El Salvador have increased at an annualized rate of 7.06%, from $4.55M in 2018 to $6.4M in 2023.

In 2023, Hungary did not export any services to El Salvador.

El Salvador-Hungary Trade: In 2023, El Salvador exported $86.4k to Hungary. The main products that El Salvador exported to Hungary were Electrical Transformers ($70.8k), Knit T-shirts ($9k), and Knit Sweaters ($4.33k). Over the past 5 years the exports of El Salvador to Hungary have increased at an annualized rate of 17.3%,  from $12.7k in 2018 to $86.4k in 2023.

In 2023, El Salvador did not export any services to Hungary.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, El Salvador ranked 63 in the Economic Complexity Index (ECI 0.0012), and 118 in total exports ($6.76B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $6.4M to El Salvador. The main products exported from Hungary to El Salvador were Cars ($2.29M), Pesticides ($388k), and Other Furniture ($341k). During the last 5 years the exports of Hungary to El Salvador have increased at an annualized rate of 7.06%, from $4.55M in 2018 to $6.4M in 2023.

In 2018, El Salvador exported $86.4k to Hungary. The main products exported from El Salvador to Hungary were Electrical Transformers ($70.8k), Knit T-shirts ($9k), and Knit Sweaters ($4.33k). During the last 5 years the exports of El Salvador to Hungary have increased at an annualized rate of 17.3%, from $12.7k in 2023 to $86.4k in 2018.

Exports from Hungary (Flag) to El Salvador (Flag) (2023)

Exports from El Salvador (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and El Salvador (Flag)

Hungary Exports

El Salvador Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
El Salvador
Top DestinationUnited States$2.41B

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

In 2023, countries that imported more from Hungary than El Salvador included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from El Salvador than Hungary included Guatemala ($1.15B), Honduras ($1.03B), and Nicaragua ($511M).

Difference in imports from El Salvador (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - El Salvador

Flow
Scale

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

During 2023, Hungary had a large net trade with El Salvador in the exports of Transportation ($2.43M), Machines ($1.42M), and Chemical Products ($1.13M).

During 2018, El Salvador had a large net trade with Hungary in the exports of Machines ($72k), Textiles ($13.4k), and Metals ($999).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary El Salvador+$2.44MCars
Top Product Potential El Salvador Hungary+$84.9kElectrical Transformers

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

Product Space of Hungary (Flag) and El Salvador (Flag) (2023)

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