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Pricing

2022
Flag → Flag
Exports $7.37MRnk 87 / 170
2022
Flag → Flag
Top Product $3.88MCut Flowers
2022
Flag → Flag
Exports $14.3kRnk 80 / 129
2022
Flag → Flag
Top Product $215kMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Ecuador-Armenia Trade: In 2022, Ecuador exported $7.37M to Armenia. The main products that Ecuador exported to Armenia were Cut Flowers ($3.88M), Bananas ($2.12M), and Crustaceans ($937k). Over the past 5 years the exports of Ecuador to Armenia have increased at an annualized rate of 55.3%, from $815k in 2017 to $7.37M in 2022.

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

Armenia-Ecuador Trade: In 2022, Armenia exported $219k to Ecuador. The main products that Armenia exported to Ecuador were Mixed Mineral or Chemical Fertilizers ($215k), Non-Knit Men's Suits ($1.95k), and Non-Knit Men's Coats ($1.46k). Over the past 5 years the exports of Armenia to Ecuador have increased at an annualized rate of 194%,  from $1.01k in 2017 to $219k in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Armenia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Armenia were Bananas ($150k) and Cut Flowers ($53.6k). In N/A the top imports of Ecuador from Armenia were .

Origins In N/A the exports of Ecuador were mainly from Guayaquil-Marítimo ($151k), Puerto Bolívar ($130k), and Quito ($3.57k), while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Cut Flowers ($-9.01M or -99.4%) and Bananas ($-31k or -17.1%). In N/A, the N/A in Ecuador's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)Guayaquil-Marítimo$151k

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Armenia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $7.37M to Armenia. The main products exported from Ecuador to Armenia were Cut Flowers ($3.88M), Bananas ($2.12M), and Crustaceans ($937k). During the last 7 years the exports of Ecuador to Armenia have increased at an annualized rate of 41%, from $268k in 2013 to $7.37M in 2022.

In 2017, Armenia exported $219k to Ecuador. The main products exported from Armenia to Ecuador were Mixed Mineral or Chemical Fertilizers ($215k), Non-Knit Men's Suits ($1.95k), and Non-Knit Men's Coats ($1.46k). During the last 5 years the exports of Armenia to Ecuador have increased at an annualized rate of 211%, from $49 in 2022 to $219k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Ecuador than Armenia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Armenia than Ecuador included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Ecuador - Armenia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Armenia in the exports of Vegetable Products ($6.01M), Animal Products ($937k), and Foodstuffs ($235k).

During 2017, Armenia had a large net trade with Ecuador in the exports of Chemical Products ($215k) and Textiles ($4.72k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Armenia+$659kCrustaceans
Top Product Potential Armenia Ecuador+$2.92kCars

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

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

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