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2023
Flag → Flag
Exports $7.96BRnk 2 / 174
2023
Flag → Flag
Top Product $3.82BCrustaceans
2023
Flag → Flag
Exports $5.98BRnk 66 / 208
2023
Flag → Flag
Top Product $406MCars
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Ecuador-China Trade: In 2023, Ecuador exported $7.96B to China. The main products that Ecuador exported to China were Crustaceans ($3.82B), Crude Petroleum ($2.33B), and Copper Ore ($1.17B). Over the past 5 years the exports of Ecuador to China have increased at an annualized rate of 38.3%, from $1.58B in 2018 to $7.96B in 2023.

In 2023, Ecuador did not export any services to China.

China-Ecuador Trade: In 2023, China exported $5.98B to Ecuador. The main products that China exported to Ecuador were Cars ($406M), Broadcasting Equipment ($240M), and Coated Flat-Rolled Iron ($233M). Over the past 5 years the exports of China to Ecuador have increased at an annualized rate of 3.87%,  from $4.42B in 2018 to $5.98B in 2023.

In 2023, China did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $279M and imported $545M from China, resulting in a negative trade balance of $266M. Between December 2020 and December 2021 the exports of Ecuador have increased by $156M (127%) from $123M to $279M, while imports increased by $165M (43.3%) from $380M to $545M.

Trade In December 2021, the top exports of Ecuador to China were Crustaceans ($75M), Copper Ore ($56.4M), Bananas ($7.69M), Precious Metal Ore ($7.58M), and Sawn Wood ($5.85M). In December 2021 the top imports of Ecuador from China were Telephones ($24.4M), Coated Flat-Rolled Iron ($18.3M), Computers ($16.6M), Cars ($11.9M), and Delivery Trucks ($11.8M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($279M), Quito ($135k), and Guayaquil-Aéreo ($15.4k), while imports destinations were mainly Guayaquil-Marítimo ($439M), Quito ($41.2M), Manta ($40.9M), Guayaquil-Aéreo ($16.8M), and Tulcán ($2.46M).

Growth In December 2021, the increase in Ecuador's year-by-year exports to China was explained primarily by an increase in product exports in Copper Ore ($10.4M or 22.6%), Animal Meal and Pellets ($2.51M or 236%), and Precious Metal Ore ($1.98M or 35.3%). In December 2021, the increase in Ecuador's year-by-year imports  from China was explained primarily by an increase in product imports  in Hot-Rolled Iron ($5.96M or 271%), Felt or Coated Fabric Garments ($4.75M or 9.53k%), and Coated Flat-Rolled Iron ($4.33M or 31%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$156M(127%)
IMPORT GROWTH (December 2020 - December 2021)$165M(43.3%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$279M

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 China and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $7.96B to China. The main products exported from Ecuador to China were Crustaceans ($3.82B), Crude Petroleum ($2.33B), and Copper Ore ($1.17B). During the last 5 years the exports of Ecuador to China have increased at an annualized rate of 38.3%, from $1.58B in 2018 to $7.96B in 2023.

In 2018, China exported $5.98B to Ecuador. The main products exported from China to Ecuador were Cars ($406M), Broadcasting Equipment ($240M), and Coated Flat-Rolled Iron ($233M). During the last 5 years the exports of China to Ecuador have increased at an annualized rate of 3.87%, from $4.42B in 2023 to $5.98B in 2018.

Exports from Ecuador (Flag) to China (Flag) (2023)

Exports from China (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Ecuador than China included American Samoa ($660k), Guam ($586k), and Saint Martin ($28.5k).

In 2023, countries that imported more from China than Ecuador included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - China

Flow
Scale

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

During 2023, Ecuador had a large net trade with China in the exports of Animal Products ($3.83B), Mineral Products ($3.7B), and Vegetable Products ($164M).

During 2018, China had a large net trade with Ecuador in the exports of Machines ($1.98B), Transportation ($948M), and Metals ($886M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador China+$983MCrude Petroleum
Top Product Potential China Ecuador+$99.6MRefined 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 China. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and China (Flag) (2023)

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