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2022
Flag → Flag
Exports $178MRnk 26 / 170
2022
Flag → Flag
Top Product $156MCocoa Beans
2022
Flag → Flag
Exports $209MRnk 72 / 216
2022
Flag → Flag
Top Product $43.8MCars
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Ecuador-Indonesia Trade: In 2022, Ecuador exported $178M to Indonesia. The main products that Ecuador exported to Indonesia were Cocoa Beans ($156M), Raw Tobacco ($13M), and Lifting Machinery ($5.62M). Over the past 5 years the exports of Ecuador to Indonesia have increased at an annualized rate of 12.6%, from $98.5M in 2017 to $178M in 2022.

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

Indonesia-Ecuador Trade: In 2022, Indonesia exported $209M to Ecuador. The main products that Indonesia exported to Ecuador were Cars ($43.8M), Video Displays ($33M), and Uncoated Paper ($19.1M). Over the past 5 years the exports of Indonesia to Ecuador have increased at an annualized rate of 17.9%,  from $91.8M in 2017 to $209M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $18.2M and imported $13.9M from Indonesia, resulting in a positive trade balance of $4.33M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-1.4M (-7.14%) from $19.6M to $18.2M, while imports increased by $7.78M (127%) from $6.11M to $13.9M.

Trade In December 2021, the top exports of Ecuador to Indonesia were Cocoa Beans ($7.66M), Cut Flowers ($593k), Industrial Food Preperation Machinery ($20.5k), Transmissions ($4.29k), and Other Plastic Sheetings ($957). In December 2021 the top imports of Ecuador from Indonesia were Cars ($890k), Motorcycles and cycles ($448k), Commodities not elsewhere specified ($419k), Industrial Printers ($381k), and Tissue ($313k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($18.1M) and Quito ($80.6k), while imports destinations were mainly Guayaquil-Marítimo ($10.9M), Quito ($2.05M), Huaquillas ($749k), Guayaquil-Aéreo ($106k), and Tulcán ($94.5k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Cocoa Beans ($-15.4M or -66.8%). In December 2021, the increase in Ecuador's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Batteries ($129k or 1.2k%), Engine Parts ($117k or 188%), and Optical Fibers and optical fibre bundles ($84.6k or 471%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-1.4M(-7.14%)
IMPORT GROWTH (December 2020 - December 2021)$7.78M(127%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$18.1M

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 Indonesia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $178M to Indonesia. The main products exported from Ecuador to Indonesia were Cocoa Beans ($156M), Raw Tobacco ($13M), and Lifting Machinery ($5.62M). During the last 5 years the exports of Ecuador to Indonesia have increased at an annualized rate of 12.6%, from $98.5M in 2017 to $178M in 2022.

In 2017, Indonesia exported $209M to Ecuador. The main products exported from Indonesia to Ecuador were Cars ($43.8M), Video Displays ($33M), and Uncoated Paper ($19.1M). During the last 5 years the exports of Indonesia to Ecuador have increased at an annualized rate of 17.9%, from $91.8M in 2022 to $209M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Ecuador than Indonesia included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

In 2022, countries that imported more from Indonesia than Ecuador included China ($67.7B), Japan ($26.6B), and India ($25.3B).

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

Comparative Advantage Ecuador - Indonesia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Indonesia in the exports of Foodstuffs ($169M), Machines ($6.17M), and Vegetable Products ($2M).

During 2017, Indonesia had a large net trade with Ecuador in the exports of Machines ($59.7M), Transportation ($47.3M), and Paper Goods ($30.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Indonesia+$2.3MRaw Tobacco
Top Product Potential Indonesia Ecuador+$15MCars

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

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

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