El Salvador (SLV) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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El Salvador-Armenia Trade: In 2023, El Salvador exported $44.7k to Armenia. The main products that El Salvador exported to Armenia were Electrical Capacitors ($20.2k), Knit T-shirts ($13.2k), and Coffee ($5.31k). Over the past 5 years the exports of El Salvador to Armenia have decreased at an annualized rate of 16.3%, from $109k in 2018 to $44.7k in 2023.

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

Armenia-El Salvador Trade: In 2023, Armenia exported $113k to El Salvador. The main products that Armenia exported to El Salvador were Other Plastic Products ($91k), Cars ($20.5k), and Office Machine Parts ($1.52k). Over the past 5 years the exports of Armenia to El Salvador have increased at an annualized rate of 16%, from $54k in 2018 to $113k in 2023.

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

Comparison: In 2023, El Salvador ranked 63 in the Economic Complexity Index (ECI 0.0012), and 118 in total exports ($6.76B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, El Salvador exported $44.7k to Armenia. The main products exported from El Salvador to Armenia were Electrical Capacitors ($20.2k), Knit T-shirts ($13.2k), and Coffee ($5.31k). During the last 5 years the exports of El Salvador to Armenia have decreased at an annualized rate of 16.3%, from $109k in 2018 to $44.7k in 2023.

In 2018, Armenia exported $113k to El Salvador. The main products exported from Armenia to El Salvador were Other Plastic Products ($91k), Cars ($20.5k), and Office Machine Parts ($1.52k). During the last 5 years the exports of Armenia to El Salvador have increased at an annualized rate of 16%, from $54k in 2023 to $113k in 2018.

Exports from El Salvador () to Armenia () (2023)

Exports from Armenia () to El Salvador () (2023)

Latest Data

Trade between El Salvador () and Armenia ()

El Salvador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

El Salvador
Top DestinationUnited States$2.41B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from El Salvador than Armenia included United States ($2.41B), Guatemala ($1.15B), and Honduras ($1.03B).

In 2023, countries that imported more from Armenia than El Salvador included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and El Salvador () (2023)

Comparative Advantage El Salvador - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, El Salvador had a large net trade with Armenia in the exports of Machines ($20.4k), Textiles ($17.5k), and Vegetable Products ($6.52k).

During 2018, Armenia had a large net trade with El Salvador in the exports of Plastics and Rubbers ($91k), Transportation ($20.5k), and Machines ($1.52k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential El Salvador Armenia+$170kCoffee

Top Product Potential Armenia El Salvador+$26.8kAluminium Foil

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

Year

This visualization shows the product space at the HS4 level with the flags of El Salvador and Armenia. This means that a dot/product with the flag of El Salvador indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over El Salvador.

About

Historical Data

Bilateral Trade by Products

Exports from El Salvador () to Armenia () (2023)

Exports from Armenia () to El Salvador () (2023)

Latest Data

Trade between El Salvador () and Armenia ()

El Salvador Exports

Market Competitiveness

Difference in imports from Armenia () and El Salvador () (2023)

Comparative Advantage El Salvador - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of El Salvador () and Armenia () (2023)

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