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Pricing

2022
Flag → Flag
Exports $89.4MRnk 35 / 170
2022
Flag → Flag
Top Product $26.6MCrustaceans
2022
Flag → Flag
Exports $107MRnk 22 / 162
2022
Flag → Flag
Top Product $23.5MAnimal Food
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Ecuador-Guatemala Trade: In 2022, Ecuador exported $89.4M to Guatemala. The main products that Ecuador exported to Guatemala were Crustaceans ($26.6M), Refined Petroleum ($13.2M), and Iron Stovetops ($4.63M). Over the past 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 3.44%, from $75.5M in 2017 to $89.4M in 2022.

In 2022, Ecuador did not export any services to Guatemala.

Guatemala-Ecuador Trade: In 2022, Guatemala exported $107M to Ecuador. The main products that Guatemala exported to Ecuador were Animal Food ($23.5M), Refrigerators ($8.94M), and Recovered Paper ($8.27M). Over the past 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 18.3%,  from $46M in 2017 to $107M in 2022.

In 2022, Guatemala did not export any services to Ecuador.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $4.69M and imported $10.1M from Guatemala, resulting in a negative trade balance of $5.42M. Between December 2020 and December 2021 the exports of Ecuador have increased by $1.22M (35.3%) from $3.47M to $4.69M, while imports increased by $3.94M (63.8%) from $6.17M to $10.1M.

Trade In December 2021, the top exports of Ecuador to Guatemala were Crustaceans ($948k), Iron Stovetops ($354k), Propylene Polymers ($288k), Cocoa Paste ($189k), and Plastic Lids ($106k). In December 2021 the top imports of Ecuador from Guatemala were Rubber ($457k), Pesticides ($454k), Synthetic Coloring Matter ($347k), Styrene Polymers ($241k), and Cleaning Products ($203k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.92M), Puerto Bolívar ($438k), Quito ($292k), and Guayaquil-Aéreo ($42.1k), while imports destinations were mainly Guayaquil-Marítimo ($9.88M), Quito ($202k), Cuenca ($15.8k), and Guayaquil-Aéreo ($5.44k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Iron Stovetops ($95.2k or 36.7%), Cocoa Paste ($94.8k or 101%), and Plastic Lids ($88.6k or 502%). In December 2021, the increase in Ecuador's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Rubber ($401k or 718%), Dolomite ($121k or 352%), and Confectionery Sugar ($40.7k or 78.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$1.22M(35.3%)
IMPORT GROWTH (December 2020 - December 2021)$3.94M(63.8%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$3.92M

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 Guatemala and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $89.4M to Guatemala. The main products exported from Ecuador to Guatemala were Crustaceans ($26.6M), Refined Petroleum ($13.2M), and Iron Stovetops ($4.63M). During the last 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 3.44%, from $75.5M in 2017 to $89.4M in 2022.

In 2017, Guatemala exported $107M to Ecuador. The main products exported from Guatemala to Ecuador were Animal Food ($23.5M), Refrigerators ($8.94M), and Recovered Paper ($8.27M). During the last 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 18.3%, from $46M in 2022 to $107M in 2017.

Exports from Ecuador (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Ecuador than Guatemala included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

In 2022, countries that imported more from Guatemala than Ecuador included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

Difference in imports from Guatemala (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Guatemala

Flow
Scale

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

During 2022, Ecuador had a large net trade with Guatemala in the exports of Animal Products ($26.6M), Mineral Products ($13.2M), and Stone And Glass ($8.93M).

During 2017, Guatemala had a large net trade with Ecuador in the exports of Chemical Products ($33.4M), Foodstuffs ($28.4M), and Paper Goods ($9.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Guatemala+$14.2MRefined Petroleum
Top Product Potential Guatemala Ecuador+$2.83MPackaged Medicaments

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 Guatemala. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Guatemala (Flag) (2022)

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