2022
Exports
$12MWorld Rnk 89 / 226
Flag Rnk 91 / 944
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$138MWorld Rnk 89 / 225
Flag Rnk 16 / 1153
2022
ECONOMIC COMPLEXITY of El Salvador
-0.029Rnk 68 / 133

About

Exports In 2022, El Salvador exported $12M in Motor vehicles; parts and accessories (8701 to 8705), making it the 89th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 91st most exported product in El Salvador. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from El Salvador are: Honduras ($5.71M), Nicaragua ($3.54M), United States ($2.31M), Guatemala ($127k), and Kuwait ($72.8k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of El Salvador between 2021 and 2022 were Honduras ($810k), Nicaragua ($402k), and Kuwait ($69.3k).

Imports In 2022, El Salvador imported $138M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 89th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 16th most imported product in El Salvador. El Salvador imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($56M), United States ($33.8M), Chinese Taipei ($11.8M), Japan ($10.6M), and South Korea ($6.43M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for El Salvador between 2021 and 2022 were China ($16.3M), United States ($6.2M), and Guatemala ($898k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12M
IMPORTS (2022)$138M
NET TRADE (2022)-$126M

In 2022, El Salvador exported $12M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of El Salvador exports on Motor vehicles; parts and accessories (8701 to 8705) were Honduras ($5.71M), Nicaragua ($3.54M), United States ($2.31M), Guatemala ($127k), and Kuwait ($72.8k).

In 2022, El Salvador imported $138M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($56M), United States ($33.8M), Chinese Taipei ($11.8M), Japan ($10.6M), and South Korea ($6.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR El Salvador WERE (2021 - 2022):
Honduras$810k (16.5%)
Nicaragua$402k (12.8%)
Kuwait$69.3k (1.96k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY El Salvador WERE (2021 - 2022):
United States-$2.17M (-48.5%)
Brazil-$101k (-85.7%)
Costa Rica-$30k (-31.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, El Salvador's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, El Salvador's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.59M
TOP IMPORT POTENTIALChina+ $14.8M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $5.59M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $14.8M.

See methodology.

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