Flag Chile / Ecuador Flag

Exports FlagFlag  (2018): $499M, Rnk 24 / 180

Top Product FlagFlag (2018): $65M, Other Edible Preparations

Exports FlagFlag (2018): $1.49B, Rnk 4 / 166

Top Product FlagFlag (2018): $1.17B, Crude Petroleum

Economic Complexity of Flag (2018): ECI -0.12, Rnk 74 / 137

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

GDP Flag (2018): $298B, CURRENT US$
Rnk 40 / 196

GDP GROWTH Flag (2008-2018): 66%, CURRENT US$
Rnk 60 / 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): $15,923, CURRENT US$
Rnk 59 / 196

GDP PC GROWTH Flag (2008-2018): 48.1%, CURRENT US$
Rnk 48 / 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

Chile-Ecuador: In 2018, Chile exported $499M to Ecuador. The main products exported from Chile to Ecuador were Other Edible Preparations ($65M), Apples and Pears ($50M), and Packaged Medicaments ($36.7M). During the last 23 years the exports of Chile to Ecuador have increased at an annualized rate of 6.4%, from $120M in 1995 to $499M in 2018. In 2009, Chile exported services to Ecuador worth $111M, with Transportation ($106M) and Other business services ($4.84M) being the largest in terms of value.

Ecuador-Chile: In 2018, Ecuador exported $1.49B to Chile. The main products exported from Ecuador to Chile were Crude Petroleum ($1.17B), Bananas ($106M), and Processed Fish ($36.7M). During the last 23 years the exports of Ecuador to Chile have increased at an annualized rate of 9.23%, from $195M in 1995 to $1.49B in 2018.

Comparison: In 2018, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). 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, Chile was ranked 59 with a GDP Per Capita of $15,923, and Ecuador was ranked 98 with a GDP Per Capita of $6,345.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Chile exported $499M to Ecuador. The main products exported from Chile to Ecuador were Other Edible Preparations ($65M), Apples and Pears ($50M), and Packaged Medicaments ($36.7M). During the last 23 years the exports of Chile to Ecuador have increased at an annualized rate of 6.4%, from $120M in 1995 to $499M in 2018.

In 2018, Ecuador exported $1.49B to Chile. The main products exported from Ecuador to Chile were Crude Petroleum ($1.17B), Bananas ($106M), and Processed Fish ($36.7M). During the last 23 years the exports of Ecuador to Chile have increased at an annualized rate of 9.23%, from $195M in 1995 to $1.49B in 2018.

Market Competitiveness

#permalink to section
Measure

Chile
Top Destination
: China, $25.3B

Ecuador
Top Destination
: United States, $6.69B

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

In 2018, countries that imported more from Chile than Ecuador were China ($25.3B), Japan ($7.06B), and South Korea ($4.39B).

In 2018, countries that imported more from Ecuador than Chile were Panama ($1.24B), Vietnam ($1.21B), and Colombia ($835M).

Comparative Advantage Chile - Ecuador

#permalink to section
Depth

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

During 2018, Chile had a large net trade with Ecuador in the exports of Vegetable Products ($111M), Foodstuffs ($110M), and Chemical Products ($78.8M).

During 2018, Ecuador had a large net trade with Chile in the exports of Mineral Products ($1.17B), Vegetable Products ($135M), and Foodstuffs ($69.6M).

Tariff Section

#permalink to section

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

In 2018, the products from Chile that paid the highest import tariffs to enter Ecuador were Swine carcasses and half carcasses, fresh or chilled (6%) and Swine hams, shoulders & cuts bone in, fresh or chille (6%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Chile were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (85.5%) and Meat and edible offal: of turkeys, cuts and offal, fresh or chilled (85.5%).

Explore Tariff Data

*The tariffs present between Chile and Ecuador are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
33: AAP.CE N° 32 Acuerdo de Complementación Económica N° 32 Suscrito entre Chile y Ecuador (Acuerdos posteriores relacionados: AAP.CE N° 65)
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)
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Chile 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

Bilateral Service Trade

#permalink to section
Chl Year

In 2009, Chile exported services to Ecuador worth $111M, with Transportation ($106M) and Other business services ($4.84M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Chile has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over Chile.