2023
Exports
$202MWorld Rnk 61 / 214
Flag Rnk 7 / 944
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$461MWorld Rnk 79 / 226
Flag Rnk 3 / 1143
2023
ECONOMIC COMPLEXITY of El Salvador
0.0012Rnk 63 / 132

About

Exports In 2023, El Salvador exported $202M in Packaged Medicaments, making it the 61st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most exported product in El Salvador. The main destination of Packaged Medicaments exports from El Salvador are: Guatemala ($53.1M), Honduras ($35.5M), Dominican Republic ($34.5M), Nicaragua ($33.7M), and Panama ($14.1M).

The fastest growing export markets for Packaged Medicaments of El Salvador between 2022 and 2023 were Guatemala ($6.82M), Argentina ($3.09M), and Nicaragua ($2.22M).

Imports In 2023, El Salvador imported $461M in Packaged Medicaments, becoming the 79th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in El Salvador. El Salvador imports Packaged Medicaments primarily from: Guatemala ($64.7M), United States ($60.4M), Mexico ($59.9M), Germany ($36M), and India ($34.6M).

The fastest growing import markets in Packaged Medicaments for El Salvador between 2022 and 2023 were Guatemala ($8.78M), Canada ($6.61M), and Switzerland ($5.35M).

Latest Trends

Dec 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 Packaged Medicaments. 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 (2023)$202M
IMPORTS (2023)$461M
NET TRADE (2023)-$258M

In 2023, El Salvador exported $202M in Packaged Medicaments. The main destinations of El Salvador exports on Packaged Medicaments were Guatemala ($53.1M), Honduras ($35.5M), Dominican Republic ($34.5M), Nicaragua ($33.7M), and Panama ($14.1M).

In 2023, El Salvador imported $461M in Packaged Medicaments, mainly from Guatemala ($64.7M), United States ($60.4M), Mexico ($59.9M), Germany ($36M), and India ($34.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR El Salvador WERE (2022 - 2023):
Guatemala$6.82M (14.7%)
Argentina$3.09M (266%)
Nicaragua$2.22M (7.05%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY El Salvador WERE (2022 - 2023):
Mexico-$774k (-51.5%)
Jamaica-$220k (-40.8%)
Vietnam-$192k (-88.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, El Salvador's main exporting competitors in Packaged Medicaments were:
In 2023, El Salvador's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.1M
TOP IMPORT POTENTIALUnited States+ $15.7M

Packaged Medicaments’s highest export potential is United States. With an export gap of $24.1M.   Packaged Medicaments’s highest import potential is United States with an import gap of $15.7M.

See methodology.

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