Flag Ecuador / Colombia Flag

2020
Flag → Flag
Exports
: $792M, Rnk 6 / 169

2020
Flag → Flag
Top Product
: $185M, Processed Fish

2020
Flag → Flag
Exports
: $1.51B, Rnk 3 / 189

2020
Flag → Flag
Top Product
: $148M, Crude Petroleum

2020
Flag
Economic Complexity (ECI)
: ECI -1.01, Rnk 101 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 0.14, Rnk 52 / 127

2020
Flag  
GDP
: $99.3B, CURRENT US$
Rnk 65 / 204

2010-2020
Flag
GDP GROWTH
: 42.8%, CURRENT US$
Rnk 71 / 204

2020
Flag
 GDP
: $270B, CURRENT US$
Rnk 43 / 204

2010-2020
Flag
GDP GROWTH
: -5.68%, CURRENT US$
Rnk 175 / 204

2020
Flag
GDP PC 
: $5,628, CURRENT US$
Rnk 107 / 204

2010-2020
Flag
GDP PC GROWTH
: 21.5%, CURRENT US$
Rnk 86 / 204

2020
Flag
GDP PC
: $5,312, CURRENT US$
Rnk 109 / 204

2010-2020
Flag
GDP PC GROWTH
: -16.2%, CURRENT US$
Rnk 175 / 204

Ecuador-Colombia In 2020, Ecuador exported $792M to Colombia. The main products that Ecuador exported to Colombia are Processed Fish ($185M), Palm Oil ($88.3M), and Particle Board ($72.4M). During the last 25 years the exports of Ecuador to Colombia have increased at an annualized rate of 4.55%, from $260M in 1995 to $792M in 2020.

In 2020, Ecuador did not export any services to Colombia.

Colombia-Ecuador In 2020, Colombia exported $1.51B to Ecuador. The main products that Colombia exported to Ecuador were Crude Petroleum ($148M), Packaged Medicaments ($99.4M), and Soybean Oil ($65.5M). During the last 25 years the exports of Colombia to Ecuador have increased at an annualized rate of 5.03%, from $442M in 1995 to $1.51B in 2020.

In 2020, Colombia did not export any services to Ecuador.

Comparison In 2020,  Ecuador ranked 101 in the Economic Complexity Index (ECI -1.01), and 67 in total exports ($20.6B). That same year, Colombia ranked 52 in the Economic Complexity Index (ECI 0.14), and 61 in total exports ($32.2B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Ecuador exported $792M to Colombia. The main products exported from Ecuador to Colombia were Processed Fish ($185M), Palm Oil ($88.3M), and Particle Board ($72.4M). During the last 25 years the exports of Ecuador to Colombia have increased at an annualized rate of 4.55%, from $260M in 1995 to $792M in 2020.

In 2020, Colombia exported $1.51B to Ecuador. The main products exported from Colombia to Ecuador were Crude Petroleum ($148M), Packaged Medicaments ($99.4M), and Soybean Oil ($65.5M). During the last 25 years the exports of Colombia to Ecuador have increased at an annualized rate of 5.03%, from $442M in 1995 to $1.51B in 2020.

Market Competitiveness

#permalink to section
Measure

Ecuador
Top Destination
: United States, $4.8B

Colombia
Top Destination
: United States, $9.55B

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

In 2019, countries that imported more from Ecuador than Colombia were Panama ($2.43B), Russia ($929M), and Indonesia ($201M).

In 2019, countries that imported more from Colombia than Ecuador were United States ($9.55B), Brazil ($1.28B), and Mexico ($1.18B).

Comparative Advantage Ecuador - Colombia

#permalink to section
Flow
Scale

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

During 2020, Ecuador had a large net trade with Colombia in the exports of Foodstuffs ($231M), Animal and Vegetable Bi-Products ($108M), and Wood Products ($75.6M).

During 2020, Colombia had a large net trade with Ecuador in the exports of Chemical Products ($364M), Mineral Products ($217M), and Transportation ($137M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ecuador has comparative advantage over Colombia. Similarly, the more yellow a dot/product is, the more Colombia has comparative advantage over Ecuador.