2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH
15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH
4.61%CURRENT US$
Rnk 129 / 186

About

Ecuador-Argentina Trade: In 2022, Ecuador exported $314M to Argentina. The main products that Ecuador exported to Argentina were Bananas ($155M), Processed Fish ($99.6M), and Cocoa Paste ($8.32M). Over the past 5 years the exports of Ecuador to Argentina have increased at an annualized rate of 1.87%, from $287M in 2017 to $314M in 2022.

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

Argentina-Ecuador Trade: In 2022, Argentina exported $815M to Ecuador. The main products that Argentina exported to Ecuador were Soybean Meal ($305M), Wheat ($133M), and Refined Petroleum ($104M). Over the past 5 years the exports of Argentina to Ecuador have increased at an annualized rate of 15.6%,  from $394M in 2017 to $815M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $314M to Argentina. The main products exported from Ecuador to Argentina were Bananas ($155M), Processed Fish ($99.6M), and Cocoa Paste ($8.32M). During the last 5 years the exports of Ecuador to Argentina have increased at an annualized rate of 1.87%, from $287M in 2017 to $314M in 2022.

In 2017, Argentina exported $815M to Ecuador. The main products exported from Argentina to Ecuador were Soybean Meal ($305M), Wheat ($133M), and Refined Petroleum ($104M). During the last 5 years the exports of Argentina to Ecuador have increased at an annualized rate of 15.6%, from $394M in 2022 to $815M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Argentina
Top Destination
Brazil$12.6B

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

In 2022, countries that imported more from Ecuador than Argentina included Panama ($4.97B), United States ($9.86B), and Russia ($994M).

In 2022, countries that imported more from Argentina than Ecuador included Brazil ($12.6B), Chile ($5.11B), and India ($4.38B).

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

Comparative Advantage Ecuador - Argentina

Flow
Scale

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

During 2022, Ecuador had a large net trade with Argentina in the exports of Vegetable Products ($160M), Foodstuffs ($127M), and Animal and Vegetable Bi-Products ($11.5M).

During 2017, Argentina had a large net trade with Ecuador in the exports of Foodstuffs ($339M), Vegetable Products ($183M), and Mineral Products ($105M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Argentina+$6.97kRefined Petroleum
Top Product Potential Argentina Ecuador+$6.23kRefined 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 Ecuador and Argentina. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Ecuador.

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

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