2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

China-Ecuador Trade: In 2022, China exported $7.14B to Ecuador. The main products that China exported to Ecuador were Cars ($393M), Delivery Trucks ($278M), and Broadcasting Equipment ($251M). Over the past 5 years the exports of China to Ecuador have increased at an annualized rate of 14.9%, from $3.56B in 2017 to $7.14B in 2022.

In 2022, China did not export any services to Ecuador.

Ecuador-China Trade: In 2022, Ecuador exported $6.17B to China. The main products that Ecuador exported to China were Crustaceans ($4.3B), Copper Ore ($1.22B), and Precious Metal Ore ($199M). Over the past 5 years the exports of Ecuador to China have increased at an annualized rate of 17.2%,  from $783M in 2017 to $6.17B in 2022.

In 2022, Ecuador did not export any services to China.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $7.14B to Ecuador. The main products exported from China to Ecuador were Cars ($393M), Delivery Trucks ($278M), and Broadcasting Equipment ($251M). During the last 5 years the exports of China to Ecuador have increased at an annualized rate of 14.9%, from $3.56B in 2017 to $7.14B in 2022.

In 2017, Ecuador exported $6.17B to China. The main products exported from Ecuador to China were Crustaceans ($4.3B), Copper Ore ($1.22B), and Precious Metal Ore ($199M). During the last 5 years the exports of Ecuador to China have increased at an annualized rate of 17.2%, from $783M in 2022 to $6.17B in 2017.

Exports from China (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top Destination
United States$551B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from China than Ecuador included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Ecuador than China included Guam ($348k), Saint Martin ($39.8k), and Bonaire ($10.9k).

Difference in imports from Ecuador (Flag) and China (Flag) (2022)

Comparative Advantage China - Ecuador

Flow
Scale

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

During 2022, China had a large net trade with Ecuador in the exports of Machines ($2.11B), Transportation ($1.11B), and Metals ($1.03B).

During 2017, Ecuador had a large net trade with China in the exports of Animal Products ($4.31B), Mineral Products ($1.52B), and Vegetable Products ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Ecuador+$99.6MRefined Petroleum
Top Product Potential Ecuador China+$983MCrude Petroleum

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 China and Ecuador. This means that a dot/product with the flag of China indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over China.

Product Space of China (Flag) and Ecuador (Flag) (2022)

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