2023
Flag  
GDP
$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
 GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC 
$5,391CURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP PC GROWTH
50.5%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195

About

El Salvador-Bosnia and Herzegovina Trade: In 2023, El Salvador exported $57.2k to Bosnia and Herzegovina. The main products that El Salvador exported to Bosnia and Herzegovina were Knit T-shirts ($31.1k), Knit Sweaters ($9.75k), and Engine Parts ($4.39k). Over the past 5 years the exports of El Salvador to Bosnia and Herzegovina have increased at an annualized rate of 20.7%, from $22.4k in 2018 to $57.2k in 2023.

In 2023, El Salvador did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-El Salvador Trade: In 2023, Bosnia and Herzegovina exported $65.3k to El Salvador. The main products that Bosnia and Herzegovina exported to El Salvador were Textile Footwear ($17.6k), Centrifuges ($13.9k), and Other Non-Knit Clothing Accessories ($10.1k). Over the past 5 years the exports of Bosnia and Herzegovina to El Salvador have increased at an annualized rate of 0.41%,  from $63.9k in 2018 to $65.3k in 2023.

In 2023, Bosnia and Herzegovina 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, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, El Salvador exported $57.2k to Bosnia and Herzegovina. The main products exported from El Salvador to Bosnia and Herzegovina were Knit T-shirts ($31.1k), Knit Sweaters ($9.75k), and Engine Parts ($4.39k). During the last 5 years the exports of El Salvador to Bosnia and Herzegovina have increased at an annualized rate of 20.7%, from $22.4k in 2018 to $57.2k in 2023.

In 2018, Bosnia and Herzegovina exported $65.3k to El Salvador. The main products exported from Bosnia and Herzegovina to El Salvador were Textile Footwear ($17.6k), Centrifuges ($13.9k), and Other Non-Knit Clothing Accessories ($10.1k). During the last 5 years the exports of Bosnia and Herzegovina to El Salvador have increased at an annualized rate of 0.41%, from $63.9k in 2023 to $65.3k in 2018.

Exports from El Salvador (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to El Salvador (Flag) (2023)

Latest Data

Trade between El Salvador (Flag) and Bosnia and Herzegovina (Flag)

Bosnia and Herzegovina Exports

Market Competitiveness

Color
El Salvador
Top Destination
United States$2.41B
Bosnia and Herzegovina
Top Destination
Germany$1.48B

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

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

In 2023, countries that imported more from Bosnia and Herzegovina than El Salvador included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

Difference in imports from Bosnia and Herzegovina (Flag) and El Salvador (Flag) (2023)

Comparative Advantage El Salvador - Bosnia and Herzegovina

Flow
Scale

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

During 2023, El Salvador had a large net trade with Bosnia and Herzegovina in the exports of Textiles ($45.4k), Machines ($8.04k), and Vegetable Products ($2.38k).

During 2018, Bosnia and Herzegovina had a large net trade with El Salvador in the exports of Machines ($22.5k), Footwear and Headwear ($17.7k), and Textiles ($10.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Bosnia and Herzegovina+$56kKnit T-shirts
Top Product Potential Bosnia and Herzegovina El Salvador+$20.2kWashing and Bottling Machines

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

Product Space of El Salvador (Flag) and Bosnia and Herzegovina (Flag) (2023)

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