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2022
Flag → Flag
Exports $497MRnk 4 / 145
2022
Flag → Flag
Top Product $62.3MPetroleum Gas
2022
Flag → Flag
Exports $437MRnk 4 / 148
2022
Flag → Flag
Top Product $137MCheese
2022
Flag
Economic Complexity (ECI) ECI -0.029Rnk 68 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$32.5BCURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP GROWTH51.9%CURRENT US$
Rnk 57 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

El Salvador-Nicaragua Trade: In 2022, El Salvador exported $497M to Nicaragua. The main products that El Salvador exported to Nicaragua were Petroleum Gas ($62.3M), Plastic Lids ($42.4M), and Packaged Medicaments ($31.2M). Over the past 5 years the exports of El Salvador to Nicaragua have increased at an annualized rate of 2.84%, from $432M in 2017 to $497M in 2022.

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

Nicaragua-El Salvador Trade: In 2022, Nicaragua exported $437M to El Salvador. The main products that Nicaragua exported to El Salvador were Cheese ($137M), Bovine Meat ($124M), and Dried Legumes ($28.1M). Over the past 5 years the exports of Nicaragua to El Salvador have increased at an annualized rate of 9.18%,  from $282M in 2017 to $437M in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, El Salvador exported $497M to Nicaragua. The main products exported from El Salvador to Nicaragua were Petroleum Gas ($62.3M), Plastic Lids ($42.4M), and Packaged Medicaments ($31.2M). During the last 5 years the exports of El Salvador to Nicaragua have increased at an annualized rate of 2.84%, from $432M in 2017 to $497M in 2022.

In 2017, Nicaragua exported $437M to El Salvador. The main products exported from Nicaragua to El Salvador were Cheese ($137M), Bovine Meat ($124M), and Dried Legumes ($28.1M). During the last 5 years the exports of Nicaragua to El Salvador have increased at an annualized rate of 9.18%, from $282M in 2022 to $437M in 2017.

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

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

Latest Data

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

El Salvador Exports

Nicaragua Exports

Date

Market Competitiveness

Color
El Salvador
Top DestinationUnited States$2.87B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from El Salvador than Nicaragua included Guatemala ($1.21B), Honduras ($1.18B), and Dominican Republic ($141M).

In 2022, countries that imported more from Nicaragua than El Salvador included United States ($4.09B), Mexico ($943M), and Switzerland ($118M).

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

Comparative Advantage El Salvador - Nicaragua

Flow
Scale

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

During 2022, El Salvador had a large net trade with Nicaragua in the exports of Mineral Products ($83.1M), Plastics and Rubbers ($70M), and Chemical Products ($64.5M).

During 2017, Nicaragua had a large net trade with El Salvador in the exports of Animal Products ($305M), Vegetable Products ($52.7M), and Textiles ($29.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential El Salvador Nicaragua+$4.46MKnit T-shirts
Top Product Potential Nicaragua El Salvador+$3.55MKnit T-shirts

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

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

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