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2022
Flag → Flag
Exports $18.7MRnk 21 / 145
2022
Flag → Flag
Top Product $15.4MElectrical Capacitors
2022
Flag → Flag
Exports $26.1MRnk 117 / 215
2022
Flag → Flag
Top Product $10.1MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.029Rnk 68 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

El Salvador-Singapore Trade: In 2022, El Salvador exported $18.7M to Singapore. The main products that El Salvador exported to Singapore were Electrical Capacitors ($15.4M), Integrated Circuits ($1.56M), and Knit T-shirts ($905k). Over the past 5 years the exports of El Salvador to Singapore have increased at an annualized rate of 11.6%, from $10.8M in 2017 to $18.7M in 2022.

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

Singapore-El Salvador Trade: In 2022, Singapore exported $26.1M to El Salvador. The main products that Singapore exported to El Salvador were Refined Petroleum ($10.1M), Other Edible Preparations ($3.68M), and Medical Instruments ($3.08M). Over the past 5 years the exports of Singapore to El Salvador have increased at an annualized rate of 24%,  from $8.93M in 2017 to $26.1M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, El Salvador exported $18.7M to Singapore. The main products exported from El Salvador to Singapore were Electrical Capacitors ($15.4M), Integrated Circuits ($1.56M), and Knit T-shirts ($905k). During the last 5 years the exports of El Salvador to Singapore have increased at an annualized rate of 11.6%, from $10.8M in 2017 to $18.7M in 2022.

In 2017, Singapore exported $26.1M to El Salvador. The main products exported from Singapore to El Salvador were Refined Petroleum ($10.1M), Other Edible Preparations ($3.68M), and Medical Instruments ($3.08M). During the last 5 years the exports of Singapore to El Salvador have increased at an annualized rate of 24%, from $8.93M in 2022 to $26.1M in 2017.

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

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

Latest Data

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

El Salvador Exports

Singapore Exports

Market Competitiveness

Color
El Salvador
Top DestinationUnited States$2.87B
Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than El Salvador included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage El Salvador - Singapore

Flow
Scale

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

During 2022, El Salvador had a large net trade with Singapore in the exports of Machines ($17.1M), Textiles ($1.08M), and Transportation ($211k).

During 2017, Singapore had a large net trade with El Salvador in the exports of Mineral Products ($10.1M), Instruments ($4.96M), and Foodstuffs ($4.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Singapore+$3.71MElectrical Capacitors
Top Product Potential Singapore El Salvador+$12.8MRefined Petroleum

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

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

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