El Salvador (SLV) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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El Salvador-South Korea Trade: In 2022, El Salvador exported $66.8M to South Korea. The main products that El Salvador exported to South Korea were Raw Sugar ($20.1M), Electrical Capacitors ($18.7M), and Coffee ($6.59M). Over the past 5 years the exports of El Salvador to South Korea have increased at an annualized rate of 25.9%, from $21.1M in 2017 to $66.8M in 2022.

In 2022, El Salvador did not export any services to South Korea.

South Korea-El Salvador Trade: In 2022, South Korea exported $270M to El Salvador. The main products that South Korea exported to El Salvador were Flat Flat-Rolled Steel ($109M), Delivery Trucks ($31.9M), and Cars ($26.7M). Over the past 5 years the exports of South Korea to El Salvador have increased at an annualized rate of 2.18%, from $243M in 2017 to $270M in 2022.

In 2022, South Korea did not export any services to El Salvador.

Comparison: In 2022, El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, El Salvador exported $66.8M to South Korea. The main products exported from El Salvador to South Korea were Raw Sugar ($20.1M), Electrical Capacitors ($18.7M), and Coffee ($6.59M). During the last 5 years the exports of El Salvador to South Korea have increased at an annualized rate of 25.9%, from $21.1M in 2017 to $66.8M in 2022.

In 2017, South Korea exported $270M to El Salvador. The main products exported from South Korea to El Salvador were Flat Flat-Rolled Steel ($109M), Delivery Trucks ($31.9M), and Cars ($26.7M). During the last 5 years the exports of South Korea to El Salvador have increased at an annualized rate of 2.18%, from $243M in 2022 to $270M in 2017.

Exports from El Salvador () to South Korea () (2022)

Exports from South Korea () to El Salvador () (2022)

Latest Data

Trade between El Salvador () and South Korea ()

El Salvador Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

El Salvador
Top DestinationUnited States$2.87B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from El Salvador than South Korea included Honduras ($1.18B), Guatemala ($1.21B), and Nicaragua ($497M).

In 2022, countries that imported more from South Korea than El Salvador included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and El Salvador () (2022)

Comparative Advantage El Salvador - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, El Salvador had a large net trade with South Korea in the exports of Foodstuffs ($20.1M), Machines ($19.3M), and Metals ($11.9M).

During 2017, South Korea had a large net trade with El Salvador in the exports of Metals ($121M), Transportation ($68.7M), and Plastics and Rubbers ($25.5M).

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 South Korea+$3.71MCoffee

Top Product Potential South Korea El Salvador+$13.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from El Salvador () to South Korea () (2022)

Exports from South Korea () to El Salvador () (2022)

Latest Data

Trade between El Salvador () and South Korea ()

El Salvador Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and El Salvador () (2022)

Comparative Advantage El Salvador - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of El Salvador () and South Korea () (2022)

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