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2023
Flag → Flag
Exports $771MRnk 11 / 174
2023
Flag → Flag
Top Product $140MProcessed Fish
2023
Flag → Flag
Exports $2.19BRnk 6 / 183
2023
Flag → Flag
Top Product $267MElectricity
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Ecuador-Colombia Trade: In 2023, Ecuador exported $771M to Colombia. The main products that Ecuador exported to Colombia were Processed Fish ($140M), Particle Board ($99.4M), and Palm Oil ($74.8M). Over the past 5 years the exports of Ecuador to Colombia have decreased at an annualized rate of 1.55%, from $834M in 2018 to $771M in 2023.

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

Colombia-Ecuador Trade: In 2023, Colombia exported $2.19B to Ecuador. The main products that Colombia exported to Ecuador were Electricity ($267M), Packaged Medicaments ($142M), and Cars ($88.7M). Over the past 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 2.07%,  from $1.97B in 2018 to $2.19B in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $79.5M and imported $159M from Colombia, resulting in a negative trade balance of $79.2M. Between December 2020 and December 2021 the exports of Ecuador have increased by $13.4M (20.3%) from $66.1M to $79.5M, while imports increased by $19M (13.6%) from $140M to $159M.

Trade In December 2021, the top exports of Ecuador to Colombia were Processed Fish ($11.5M), Particle Board ($5.71M), Palm Oil ($4.34M), Crustaceans ($3.16M), and Other Small Iron Pipes ($1.75M). In December 2021 the top imports of Ecuador from Colombia were Packaged Medicaments ($8.57M), Delivery Trucks ($7.96M), Pesticides ($4.69M), Cars ($4.29M), and Insulated Wire ($2.55M).

Origins In December 2021 the exports of Ecuador were mainly from Tulcán ($64.5M), Guayaquil-Marítimo ($14.1M), Quito ($873k), and Guayaquil-Aéreo ($57.3k), while imports destinations were mainly Tulcán ($102M), Guayaquil-Marítimo ($43.4M), Quito ($11.1M), Guayaquil-Aéreo ($1.61M), and Puerto Bolívar ($147k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Colombia was explained primarily by an increase in product exports in Processed Fish ($1.36M or 13.4%), Aircraft parts (gliders, balloons, and powered... ($1.07M or 805%), and Other Uncoated Paper ($893k or 607%). In December 2021, the increase in Ecuador's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Blank Audio Media ($1.34M or 211%), Propylene Polymers ($990k or 88.5%), and Insulated Wire ($955k or 59.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$13.4M(20.3%)
IMPORT GROWTH (December 2020 - December 2021)$19M(13.6%)
MAIN EXPORTER (December 2021)Tulcán$64.5M

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 Colombia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $771M to Colombia. The main products exported from Ecuador to Colombia were Processed Fish ($140M), Particle Board ($99.4M), and Palm Oil ($74.8M). During the last 5 years the exports of Ecuador to Colombia have decreased at an annualized rate of 1.55%, from $834M in 2018 to $771M in 2023.

In 2018, Colombia exported $2.19B to Ecuador. The main products exported from Colombia to Ecuador were Electricity ($267M), Packaged Medicaments ($142M), and Cars ($88.7M). During the last 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 2.07%, from $1.97B in 2023 to $2.19B in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Ecuador than Colombia included China ($7.96B), Russia ($924M), and Japan ($1.24B).

In 2023, countries that imported more from Colombia than Ecuador included United States ($14.8B), Brazil ($2.12B), and Mexico ($1.86B).

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

Comparative Advantage Ecuador - Colombia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Colombia in the exports of Foodstuffs ($192M), Wood Products ($101M), and Animal and Vegetable Bi-Products ($90.8M).

During 2018, Colombia had a large net trade with Ecuador in the exports of Chemical Products ($530M), Mineral Products ($323M), and Foodstuffs ($238M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Colombia+$20.2MCrustaceans
Top Product Potential Colombia Ecuador+$36.7MRefined 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 Colombia. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Ecuador.

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

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