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Pricing

2020
Flag → Flag
Exports $160Rnk 122 / 0
2020
Flag → Flag
Exports $31.3kRnk 135 / 157
2020
Flag → Flag
Top Product $11.5kNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI -0.029Rnk 68 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $5,127CURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP PC GROWTH47.7%CURRENT US$
Rnk 38 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

El Salvador-Madagascar Trade: In 2020, El Salvador exported $160 to Madagascar. The main products that El Salvador exported to Madagascar were N/A. Over the past 12 years the exports of El Salvador to Madagascar have decreased at an annualized rate of 18.6%, from $1.88k in 2008 to $160 in 2020.

In 2020, El Salvador did not export any services to Madagascar.

Madagascar-El Salvador Trade: In 2020, Madagascar exported $31.3k to El Salvador. The main products that Madagascar exported to El Salvador were Non-Knit Men's Suits ($11.5k), Cloves ($5.14k), and Non-Knit Men's Shirts ($4.37k). Over the past 12 years the exports of Madagascar to El Salvador have increased at an annualized rate of 7.33%,  from $21.9k in 2008 to $31.3k in 2020.

In 2020, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, El Salvador exported $160 to Madagascar. There were not main exports from El Salvador to Madagascar in 2020. During the last 12 years the exports of El Salvador to Madagascar have decreased at an annualized rate of 18.6%, from $1.88k in 2008 to $160 in 2020.

In 2017, Madagascar exported $31.3k to El Salvador. The main products exported from Madagascar to El Salvador were Non-Knit Men's Suits ($11.5k), Cloves ($5.14k), and Non-Knit Men's Shirts ($4.37k). During the last 5 years the exports of Madagascar to El Salvador have increased at an annualized rate of 7.33%, from $21.9k in 2022 to $31.3k in 2017.

Exports from El Salvador (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to El Salvador (Flag) (2022)

Market Competitiveness

Color
El Salvador
Top DestinationUnited States$2.87B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from El Salvador than Madagascar included United States ($2.87B), Guatemala ($1.21B), and Honduras ($1.18B).

In 2022, countries that imported more from Madagascar than El Salvador included France ($634M), China ($538M), and Japan ($448M).

Difference in imports from Madagascar (Flag) and El Salvador (Flag) (2022)

Comparative Advantage El Salvador - Madagascar

Flow
Scale

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

During 2020, El Salvador had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with El Salvador in the exports of Textiles ($21.7k), Vegetable Products ($5.64k), and Machines ($2.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Madagascar+$2.46kRefined Petroleum
Top Product Potential Madagascar El Salvador+$38.5kNon-Knit Men's Suits

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

Product Space of El Salvador (Flag) and Madagascar (Flag) (2022)

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