Flag China / Ecuador Flag

Exports Flag β†’ Flag  (2018): $4.11B, Rnk 65 / 206

Top Product Flag β†’ Flag (2018): $223M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $1.5B, Rnk 3 / 166

Top Product Flag β†’ Flag (2018): $597M, Crustaceans

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

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

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 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): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 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

China-Ecuador: In 2018, China exported $4.11B to Ecuador. The main products exported from China to Ecuador were Broadcasting Equipment ($223M), Cars ($177M), and Coated Flat-Rolled Iron ($134M). During the last 23 years the exports of China to Ecuador have increased at an annualized rate of 23.2%, from $34M in 1995 to $4.11B in 2018.

Ecuador-China: In 2018, Ecuador exported $1.5B to China. The main products exported from Ecuador to China were Crustaceans ($597M), Crude Petroleum ($482M), and Bananas ($128M). During the last 23 years the exports of Ecuador to China have increased at an annualized rate of 19.5%, from $25.1M in 1995 to $1.5B in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). 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, China was ranked 78 with a GDP Per Capita of $9,771, 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, China exported $4.11B to Ecuador. The main products exported from China to Ecuador were Broadcasting Equipment ($223M), Cars ($177M), and Coated Flat-Rolled Iron ($134M). During the last 23 years the exports of China to Ecuador have increased at an annualized rate of 23.2%, from $34M in 1995 to $4.11B in 2018.

In 2018, Ecuador exported $1.5B to China. The main products exported from Ecuador to China were Crustaceans ($597M), Crude Petroleum ($482M), and Bananas ($128M). During the last 23 years the exports of Ecuador to China have increased at an annualized rate of 19.5%, from $25.1M in 1995 to $1.5B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Ecuador
Top Destination
: United States, $6.69B

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 2018, countries that imported more from China than Ecuador were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Ecuador than China were Guam ($116k) and American Samoa ($76k).

Comparative Advantage China - Ecuador

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Depth

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

During 2018, China had a large net trade with Ecuador in the exports of Machines ($1.39B), Metals ($631M), and Transportation ($507M).

During 2018, Ecuador had a large net trade with China in the exports of Animal Products ($607M), Mineral Products ($562M), and Vegetable Products ($142M).

Tariff Section

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

In 2018, the products from China that paid the highest import tariffs to enter Ecuador were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter China 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 fowls of the species Gallus domesticus, cuts and offal, frozen (85.5%).

Explore Tariff Data

*The tariffs present between China and Ecuador are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China 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 China has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over China.