Venezuela (VEN) and El Salvador (SLV) Trade | The Observatory of Economic Complexity

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Venezuela-El Salvador Trade: In 2022, Venezuela exported $360k to El Salvador. The main products that Venezuela exported to El Salvador were Packaged Medicaments ($179k), Hard Liquor ($56.8k), and Lubricating Products ($36.3k). Over the past 5 years the exports of Venezuela to El Salvador have decreased at an annualized rate of 59.9%, from $34.9M in 2017 to $360k in 2022.

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

El Salvador-Venezuela Trade: In 2022, El Salvador exported $3.53M to Venezuela. The main products that El Salvador exported to Venezuela were Other Edible Preparations ($1.93M), Iron Wire ($691k), and Packaged Medicaments ($582k). Over the past 5 years the exports of El Salvador to Venezuela have decreased at an annualized rate of 27.6%, from $17.8M in 2017 to $3.53M in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $360k to El Salvador. The main products exported from Venezuela to El Salvador were Packaged Medicaments ($179k), Hard Liquor ($56.8k), and Lubricating Products ($36.3k). During the last 5 years the exports of Venezuela to El Salvador have decreased at an annualized rate of 59.9%, from $34.9M in 2017 to $360k in 2022.

In 2017, El Salvador exported $3.53M to Venezuela. The main products exported from El Salvador to Venezuela were Other Edible Preparations ($1.93M), Iron Wire ($691k), and Packaged Medicaments ($582k). During the last 5 years the exports of El Salvador to Venezuela have decreased at an annualized rate of 27.6%, from $17.8M in 2022 to $3.53M in 2017.

Exports from Venezuela () to El Salvador () (2022)

Exports from El Salvador () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and El Salvador ()

El Salvador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

El Salvador
Top DestinationUnited States$2.87B

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

In 2022, countries that imported more from Venezuela than El Salvador included China ($703M), Turkey ($597M), and Spain ($518M).

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

Difference in imports from El Salvador () and Venezuela () (2022)

Comparative Advantage Venezuela - El Salvador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with El Salvador in the exports of Chemical Products ($215k), Foodstuffs ($56.8k), and Machines ($29.8k).

During 2017, El Salvador had a large net trade with Venezuela in the exports of Foodstuffs ($1.98M), Metals ($733k), and Chemical Products ($582k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to El Salvador () (2022)

Exports from El Salvador () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and El Salvador ()

El Salvador Exports

Market Competitiveness

Difference in imports from El Salvador () and Venezuela () (2022)

Comparative Advantage Venezuela - El Salvador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and El Salvador () (2022)

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