El Salvador-Honduras Bilateral Trade Analysis 2023
Complete trade statistics: $1.77B total volume •El Salvador surplus: $351.02M
El Salvador → Honduras
$1.06B
Exports (2023)
Honduras → El Salvador
$708.74M
Imports (2023)
Trade Balance
$351.02M
Surplus for El Salvador
Total Trade
$1.77B
Combined Volume
Trade Flow Visualization
Direct trade relationship between El Salvador and Honduras. 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-Honduras commercial relationship and competitive positioning in global markets.
El Salvador → Honduras Exports
Export Market Intelligence
🎯 Strategic Export Focus
El Salvador's export portfolio to Honduras demonstrates strategic specialization, with t-shirts, singlets and other vests: of cotton, knitted or crocheted representing a key competitive advantage in this bilateral market.
Honduras → El Salvador Imports
Import Dependency Profile
📦 Import Strategy Analysis
El Salvador's import pattern from Honduras reveals strategic sourcingin t-shirts, singlets and other vests: of cotton, knitted or crocheted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
El Salvador demonstrates competitive strength in exportingt-shirts, singlets and other vests: of cotton, knitted or crocheted to Honduras, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.77B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: El Salvador-Honduras Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.77 billionrepresenting a significant bilateral economic relationship
- Trade Balance: El Salvador maintains a surplus of $351.02 million
- Export Focus: El Salvador's primary exports include t-shirts, singlets and other vests: of cotton, knitted or crocheted, plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods, paper articles: toilet paper
- Import Dependencies: Key imports from Honduras include t-shirts, singlets and other vests: of cotton, knitted or crocheted, vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified, t-shirts, singlets and other vests: of textile materials (other than cotton), knitted or crocheted
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 $1.77B 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 t-shirts, singlets and other vests: of cotton, knitted or crocheted.
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 t-shirts, singlets and other vests: of cotton, knitted or crochetedcomplements Honduras's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in t-shirts, singlets and other vests: of cotton, knitted or crocheted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.77B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.77B 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 $1.77 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in t-shirts, singlets and other vests: of cotton, knitted or crocheted and t-shirts, singlets and other vests: of cotton, knitted or crocheted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
El Salvador's trade surplus of $351.02 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 Honduras represents a total trade volume of $1.77 billion in 2023. This partnership demonstrates a favorable trade balance for El Salvador, with exports exceeding importsby $351.02 million.
Export Strengths
El Salvador's exports to Honduras total $1.06 billion, with competitive advantages in t-shirts, singlets and other vests: of cotton, knitted or crocheted, representing $71.35M or6.7% of bilateral exports.
Import Dependencies
Imports from Honduras amount to $708.74 million, highlighting economic interdependence in t-shirts, singlets and other vests: of cotton, knitted or crocheted, with T-shirts, singlets and other vests: of cotton, knitted or crocheted comprising11.4% 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 Honduras in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023