2023
Flag  
GDP
$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC 
$5,391CURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP PC GROWTH
50.5%CURRENT US$
Rnk 47 / 195

About

El Salvador-Venezuela Trade: In 2023, El Salvador exported $4.75M to Venezuela. The main products that El Salvador exported to Venezuela were Other Edible Preparations ($3.08M), Packaged Medicaments ($1.01M), and Iron Wire ($362k). Over the past 5 years the exports of El Salvador to Venezuela have increased at an annualized rate of 5.91%, from $3.56M in 2018 to $4.75M in 2023.

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

Venezuela-El Salvador Trade: In 2023, Venezuela exported $1.9M to El Salvador. The main products that Venezuela exported to El Salvador were Non-fillet Frozen Fish ($1.31M), Packaged Medicaments ($435k), and Hard Liquor ($53.5k). Over the past 5 years the exports of Venezuela to El Salvador have decreased at an annualized rate of 30.3%,  from $11.5M in 2018 to $1.9M in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, El Salvador exported $4.75M to Venezuela. The main products exported from El Salvador to Venezuela were Other Edible Preparations ($3.08M), Packaged Medicaments ($1.01M), and Iron Wire ($362k). During the last 5 years the exports of El Salvador to Venezuela have increased at an annualized rate of 5.91%, from $3.56M in 2018 to $4.75M in 2023.

In 2018, Venezuela exported $1.9M to El Salvador. The main products exported from Venezuela to El Salvador were Non-fillet Frozen Fish ($1.31M), Packaged Medicaments ($435k), and Hard Liquor ($53.5k). During the last 5 years the exports of Venezuela to El Salvador have decreased at an annualized rate of 30.3%, from $11.5M in 2023 to $1.9M in 2018.

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

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

Latest Data

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

El Salvador Exports

Market Competitiveness

Color
El Salvador
Top Destination
United States$2.41B
Venezuela
Top Destination
United States$3.81B

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

In 2023, countries that imported more from El Salvador than Venezuela included Guatemala ($1.15B), Honduras ($1.03B), and Nicaragua ($511M).

In 2023, countries that imported more from Venezuela than El Salvador included United States ($3.81B), China ($739M), and Spain ($670M).

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

Comparative Advantage El Salvador - Venezuela

Flow
Scale

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

During 2023, El Salvador had a large net trade with Venezuela in the exports of Foodstuffs ($3.15M), Chemical Products ($1.02M), and Metals ($386k).

During 2018, Venezuela had a large net trade with El Salvador in the exports of Animal Products ($1.31M), Chemical Products ($435k), and Foodstuffs ($53.5k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of El Salvador and Venezuela. This means that a dot/product with the flag of El Salvador indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over El Salvador.

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

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