El Salvador-Belize Bilateral Trade Analysis 2023
Complete trade statistics: $19.41M total volume •El Salvador surplus: $19.41M
El Salvador → Belize
$19.41M
Exports (2023)
Belize → El Salvador
$0
Imports (2023)
Trade Balance
$19.41M
Surplus for El Salvador
Total Trade
$19.41M
Combined Volume
Trade Flow Visualization
Direct trade relationship between El Salvador and Belize. Green line shows exports from El Salvador, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the El Salvador-Belize commercial relationship and competitive positioning in global markets.
El Salvador → Belize Exports
Export Market Intelligence
🎯 Strategic Export Focus
El Salvador's export portfolio to Belize demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Belize → El Salvador Imports
Import Dependency Profile
📦 Import Strategy Analysis
El Salvador's import pattern from Belize reveals significant dependencyin sauces and preparations therefor: mixed condiments and mixed seasonings, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
El Salvador demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Belize, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $19.41M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: El Salvador-Belize Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $19.41 millionrepresenting a significant bilateral economic relationship
- Trade Balance: El Salvador maintains a surplus of $19.41 million
- Export Focus: El Salvador's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, cellulose fibre-cement: articles or the like, sheets, panels, tiles and similar articles (other than corrugated sheets), not containing asbestos
- Import Dependencies: Key imports from Belize include sauces and preparations therefor: mixed condiments and mixed seasonings, t-shirts, singlets and other vests: of cotton, knitted or crocheted, machinery: for filtering or purifying liquids, n.e.c. in item no. 8421.2
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $19.41M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with El Salvador leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
El Salvador's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Belize's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in sauces and preparations therefor: mixed condiments and mixed seasonings.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $19.41M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $19.41M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $19.41 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and sauces and preparations therefor: mixed condiments and mixed seasonings demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
El Salvador's trade surplus of $19.41 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between El Salvador and Belize represents a total trade volume of $19.41 million in 2023. This partnership demonstrates a favorable trade balance for El Salvador, with exports exceeding importsby $19.41 million.
Export Strengths
El Salvador's exports to Belize total $19.41 million, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $3.73M or19.2% of bilateral exports.
Import Dependencies
Imports from Belize amount to $0.00, highlighting economic interdependence in sauces and preparations therefor: mixed condiments and mixed seasonings, with Sauces and preparations therefor: mixed condiments and mixed seasonings comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates El Salvador's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between El Salvador and Belize in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023