Flag Ecuador / Colombia Flag

2020
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Exports
: $792M, Rnk 6 / 169

2020
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Top Product
: $185M, Processed Fish

2020
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Exports
: $1.51B, Rnk 3 / 189

2020
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Top Product
: $148M, Crude Petroleum

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

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

2020
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GDP
: $98.8B, CURRENT US$
Rnk 65 / 195

2010-2020
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GDP GROWTH
: 42.1%, CURRENT US$
Rnk 71 / 195

2020
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 GDP
: $271B, CURRENT US$
Rnk 40 / 195

2010-2020
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GDP GROWTH
: -5.28%, CURRENT US$
Rnk 167 / 195

2020
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GDP PC 
: $5,600, CURRENT US$
Rnk 98 / 195

2010-2020
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GDP PC GROWTH
: 20.9%, CURRENT US$
Rnk 85 / 195

2020
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GDP PC
: $5,335, CURRENT US$
Rnk 99 / 195

2010-2020
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GDP PC GROWTH
: -15.8%, CURRENT US$
Rnk 167 / 195

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

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Bilateral Trade by Products

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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

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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

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Flow

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

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Competitive Landscape

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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.