El Salvador (SLV) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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El Salvador-Belgium Trade: In 2023, El Salvador exported $22.5M to Belgium. The main products that El Salvador exported to Belgium were Raw Sugar ($9.73M), Coffee ($5.5M), and Leather Footwear ($2.16M). Over the past 5 years the exports of El Salvador to Belgium have increased at an annualized rate of 11.3%, from $13.1M in 2018 to $22.5M in 2023.

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

Belgium-El Salvador Trade: In 2023, Belgium exported $40.9M to El Salvador. The main products that Belgium exported to El Salvador were Vaccines, blood, antisera, toxins and cultures ($7.08M), Poultry Meat ($3.61M), and Packaged Medicaments ($3.34M). Over the past 5 years the exports of Belgium to El Salvador have increased at an annualized rate of 3.46%, from $34.5M in 2018 to $40.9M in 2023.

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.

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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, El Salvador exported $22.5M to Belgium. The main products exported from El Salvador to Belgium were Raw Sugar ($9.73M), Coffee ($5.5M), and Leather Footwear ($2.16M). During the last 5 years the exports of El Salvador to Belgium have increased at an annualized rate of 11.3%, from $13.1M in 2018 to $22.5M in 2023.

In 2018, Belgium exported $40.9M to El Salvador. The main products exported from Belgium to El Salvador were Vaccines, blood, antisera, toxins and cultures ($7.08M), Poultry Meat ($3.61M), and Packaged Medicaments ($3.34M). During the last 5 years the exports of Belgium to El Salvador have increased at an annualized rate of 3.46%, from $34.5M in 2023 to $40.9M in 2018.

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

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

Latest Data

Trade between El Salvador () and Belgium ()

El Salvador Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

El Salvador
Top DestinationUnited States$2.41B

Belgium
Top DestinationFrance$85.6B

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

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

In 2023, countries that imported more from Belgium than El Salvador included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage El Salvador - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, El Salvador had a large net trade with Belgium in the exports of Foodstuffs ($9.88M), Vegetable Products ($5.5M), and Textiles ($3.27M).

During 2018, Belgium had a large net trade with El Salvador in the exports of Chemical Products ($17.6M), Foodstuffs ($5.9M), and Machines ($4.25M).

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 Belgium+$3.21MCoffee

Top Product Potential Belgium El Salvador+$3.58MPackaged 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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Belgium () to El Salvador () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between El Salvador () and Belgium ()

El Salvador Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage El Salvador - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Belgium () to El Salvador () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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