Flag Ecuador / Colombia Flag

Exports FlagFlag  (2018): $835M, Rnk 8 / 166

Top Product FlagFlag (2018): $147M, Palm Oil

Exports FlagFlag (2018): $1.86B, Rnk 4 / 184

Top Product FlagFlag (2018): $217M, Crude Petroleum

Economic Complexity of Flag (2018): ECI -0.7, Rnk 102 / 137

Economic Complexity of Flag (2018): ECI 0.23, Rnk 56 / 137

GDP Flag (2018): $108B, CURRENT US$
Rnk 59 / 196

GDP GROWTH Flag (2008-2018): 75.5%, CURRENT US$
Rnk 49 / 196

GDP Flag (2018): $331B, CURRENT US$
Rnk 37 / 196

GDP GROWTH Flag (2008-2018): 37%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $6,345, CURRENT US$
Rnk 98 / 196

GDP PC GROWTH Flag (2008-2018): 49.3%, CURRENT US$
Rnk 47 / 196

GDP PC Flag (2018): $6,668, CURRENT US$
Rnk 96 / 196

GDP PC GROWTH Flag (2008-2018): 22.1%, CURRENT US$
Rnk 101 / 196

Ecuador-Colombia: In 2018, Ecuador exported $835M to Colombia. The main products exported from Ecuador to Colombia were Palm Oil ($147M), Processed Fish ($144M), and Particle Board ($70.4M). During the last 23 years the exports of Ecuador to Colombia have increased at an annualized rate of 4.99%, from $272M in 1995 to $835M in 2018.

Colombia-Ecuador: In 2018, Colombia exported $1.86B to Ecuador. The main products exported from Colombia to Ecuador were Crude Petroleum ($217M), Cars ($135M), and Delivery Trucks ($108M). During the last 23 years the exports of Colombia to Ecuador have increased at an annualized rate of 6.55%, from $432M in 1995 to $1.86B in 2018.

Comparison: In 2018, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.7), and 70 in total exports ($22.1B). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B). In terms of GDP Per Capita, Ecuador was ranked 98 with a GDP Per Capita of $6,345, and Colombia was ranked 96 with a GDP Per Capita of $6,668.

Bilateral Trade by Products

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Depth
Value

In 2018, Ecuador exported $835M to Colombia. The main products exported from Ecuador to Colombia were Palm Oil ($147M), Processed Fish ($144M), and Particle Board ($70.4M). During the last 23 years the exports of Ecuador to Colombia have increased at an annualized rate of 4.99%, from $272M in 1995 to $835M in 2018.

In 2018, Colombia exported $1.86B to Ecuador. The main products exported from Colombia to Ecuador were Crude Petroleum ($217M), Cars ($135M), and Delivery Trucks ($108M). During the last 23 years the exports of Colombia to Ecuador have increased at an annualized rate of 6.55%, from $432M in 1995 to $1.86B in 2018.

Market Competitiveness

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Measure

Ecuador
Top Destination
: United States, $6.69B

Colombia
Top Destination
: United States, $11.5B

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 2018, countries that imported more from Ecuador than Colombia were Vietnam ($1.21B), Russia ($848M), and Peru ($1.66B).

In 2018, countries that imported more from Colombia than Ecuador were United States ($11.5B), China ($4.07B), and Panama ($3.07B).

Comparative Advantage Ecuador - Colombia

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Depth

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

During 2018, Ecuador had a large net trade with Colombia in the exports of Foodstuffs ($196M), Animal and Vegetable Bi-Products ($171M), and Wood Products ($74.8M).

During 2018, Colombia had a large net trade with Ecuador in the exports of Chemical Products ($378M), Transportation ($277M), and Mineral Products ($260M).

Trade Forecasts

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This section shows a forecast for total trade between Ecuador and Colombia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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