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Pricing

2023
Flag → Flag
Exports $1.03BRnk 3 / 150
2023
Flag → Flag
Top Product $100MKnit T-shirts
2023
Flag → Flag
Exports $796MRnk 3 / 142
2023
Flag → Flag
Top Product $181MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 0.0012Rnk 63 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $5,391CURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP PC GROWTH50.5%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

El Salvador-Honduras Trade: In 2023, El Salvador exported $1.03B to Honduras. The main products that El Salvador exported to Honduras were Knit T-shirts ($100M), Plastic Lids ($88.3M), and Knit Sweaters ($69.6M). Over the past 5 years the exports of El Salvador to Honduras have increased at an annualized rate of 3.21%, from $882M in 2018 to $1.03B in 2023.

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

Honduras-El Salvador Trade: In 2023, Honduras exported $796M to El Salvador. The main products that Honduras exported to El Salvador were Knit T-shirts ($181M), Palm Oil ($53.1M), and Knit Sweaters ($46.9M). Over the past 5 years the exports of Honduras to El Salvador have increased at an annualized rate of 1.82%,  from $728M in 2018 to $796M in 2023.

In 2023, Honduras 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, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, El Salvador exported $1.03B to Honduras. The main products exported from El Salvador to Honduras were Knit T-shirts ($100M), Plastic Lids ($88.3M), and Knit Sweaters ($69.6M). During the last 5 years the exports of El Salvador to Honduras have increased at an annualized rate of 3.21%, from $882M in 2018 to $1.03B in 2023.

In 2018, Honduras exported $796M to El Salvador. The main products exported from Honduras to El Salvador were Knit T-shirts ($181M), Palm Oil ($53.1M), and Knit Sweaters ($46.9M). During the last 5 years the exports of Honduras to El Salvador have increased at an annualized rate of 1.82%, from $728M in 2023 to $796M in 2018.

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

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

Latest Data

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

El Salvador Exports

Honduras Exports

Market Competitiveness

Color
El Salvador
Top DestinationUnited States$2.41B
Honduras
Top DestinationUnited States$5.87B

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

In 2023, countries that imported more from El Salvador than Honduras included Guatemala ($1.15B), Costa Rica ($312M), and Panama ($128M).

In 2023, countries that imported more from Honduras than El Salvador included United States ($5.87B), Nicaragua ($980M), and Germany ($395M).

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

Comparative Advantage El Salvador - Honduras

Flow
Scale

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

During 2023, El Salvador had a large net trade with Honduras in the exports of Textiles ($314M), Foodstuffs ($131M), and Plastics and Rubbers ($127M).

During 2018, Honduras had a large net trade with El Salvador in the exports of Textiles ($370M), Animal and Vegetable Bi-Products ($83.5M), and Foodstuffs ($68.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Honduras+$7.73MRefined Petroleum
Top Product Potential Honduras El Salvador+$8.64MKnit Sweaters

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

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

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