Flag Brazil / Ecuador Flag

Exports FlagFlag  (2018): $920M, Rnk 42 / 216

Top Product FlagFlag (2018): $82.3M, Hot-Rolled Iron

Exports FlagFlag (2018): $108M, Rnk 24 / 166

Top Product FlagFlag (2018): $26.7M, Raw Lead

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

Economic Complexity of Flag (2018): ECI -0.7, Rnk 102 / 137

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

GDP Flag (2018): $108B, CURRENT US$
Rnk 59 / 196

GDP GROWTH Flag (2008-2018): 75.5%, CURRENT US$
Rnk 49 / 196

GDP PC Flag (2018): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $6,345, CURRENT US$
Rnk 98 / 196

GDP PC GROWTH Flag (2008-2018): 49.3%, CURRENT US$
Rnk 47 / 196

Brazil-Ecuador: In 2018, Brazil exported $920M to Ecuador. The main products exported from Brazil to Ecuador were Hot-Rolled Iron ($82.3M), Ethylene Polymers ($57.1M), and Hot-Rolled Iron Bars ($26.7M). During the last 23 years the exports of Brazil to Ecuador have increased at an annualized rate of 6.57%, from $213M in 1995 to $920M in 2018.

Ecuador-Brazil: In 2018, Ecuador exported $108M to Brazil. The main products exported from Ecuador to Brazil were Raw Lead ($26.7M), Processed Fish ($24M), and Chocolate ($9.77M). During the last 23 years the exports of Ecuador to Brazil have increased at an annualized rate of 2.92%, from $55.9M in 1995 to $108M in 2018.

Comparison: In 2018, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.7), and 70 in total exports ($22.1B). In terms of GDP Per Capita, Brazil was ranked 82 with a GDP Per Capita of $8,921, and Ecuador was ranked 98 with a GDP Per Capita of $6,345.

Bilateral Trade by Products

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Depth
Value

In 2018, Brazil exported $920M to Ecuador. The main products exported from Brazil to Ecuador were Hot-Rolled Iron ($82.3M), Ethylene Polymers ($57.1M), and Hot-Rolled Iron Bars ($26.7M). During the last 23 years the exports of Brazil to Ecuador have increased at an annualized rate of 6.57%, from $213M in 1995 to $920M in 2018.

In 2018, Ecuador exported $108M to Brazil. The main products exported from Ecuador to Brazil were Raw Lead ($26.7M), Processed Fish ($24M), and Chocolate ($9.77M). During the last 23 years the exports of Ecuador to Brazil have increased at an annualized rate of 2.92%, from $55.9M in 1995 to $108M in 2018.

Market Competitiveness

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Measure

Brazil
Top Destination
: China, $64.3B

Ecuador
Top Destination
: United States, $6.69B

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

In 2018, countries that imported more from Brazil than Ecuador were China ($64.3B), United States ($29.3B), and Argentina ($15B).

In 2018, countries that imported more from Ecuador than Brazil were Lithuania ($26.2M) and Kiribati ($1.18M).

Comparative Advantage Brazil - Ecuador

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Depth

This chart compares trade between Brazil and Ecuador by product, considering products traded by both, Brazil and Ecuador.

During 2018, Brazil had a large net trade with Ecuador in the exports of Metals ($192M), Machines ($179M), and Plastics and Rubbers ($119M).

During 2018, Ecuador had a large net trade with Brazil in the exports of Foodstuffs ($41.8M), Metals ($29.4M), and Textiles ($10.3M).

Tariff Section

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This sections shows import tariffs for products traded between Brazil and Ecuador (using the HS6 product classification and the last year reported).

In 2018, the products from Brazil that paid the highest import tariffs to enter Ecuador were Worn clothing and other worn articles (21%) and Road tractors for semi-trailers (truck tractors) (15.8%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Brazil were Milk not concentrated nor sweetened < 1% fat (54%) and Milk not concentrated nor sweetened 1-6% fat (54%).

Explore Tariff Data

*The tariffs present between Brazil and Ecuador are:
61: AAP.CE N° 59 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
61: AAP.CE N° 59 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
80: AR.AM N° 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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This section shows a forecast for total trade between Brazil and Ecuador. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over Brazil.