2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195

About

Ecuador-Peru Trade: In 2023, Ecuador exported $1.15B to Peru. The main products that Ecuador exported to Peru were Crude Petroleum ($697M), Particle Board ($68.2M), and Animal Food ($55.8M). Over the past 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 9.5%, from $1.9B in 2018 to $1.15B in 2023.

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

Peru-Ecuador Trade: In 2023, Peru exported $1.12B to Ecuador. The main products that Peru exported to Ecuador were Animal Food ($215M), Animal Meal and Pellets ($68.1M), and Copper Wire ($50.5M). Over the past 5 years the exports of Peru to Ecuador have increased at an annualized rate of 5.69%,  from $849M in 2018 to $1.12B in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $1.15B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($697M), Particle Board ($68.2M), and Animal Food ($55.8M). During the last 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 9.5%, from $1.9B in 2018 to $1.15B in 2023.

In 2018, Peru exported $1.12B to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($215M), Animal Meal and Pellets ($68.1M), and Copper Wire ($50.5M). During the last 5 years the exports of Peru to Ecuador have increased at an annualized rate of 5.69%, from $849M in 2023 to $1.12B in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Peru
Top Destination
China$22.5B

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

In 2023, countries that imported more from Ecuador than Peru included Panama ($4.38B), Russia ($924M), and Nicaragua ($204M).

In 2023, countries that imported more from Peru than Ecuador included China ($22.5B), Canada ($3.24B), and South Korea ($2.34B).

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

Comparative Advantage Ecuador - Peru

Flow
Scale

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

During 2023, Ecuador had a large net trade with Peru in the exports of Mineral Products ($758M), Foodstuffs ($119M), and Wood Products ($72.1M).

During 2018, Peru had a large net trade with Ecuador in the exports of Foodstuffs ($445M), Metals ($156M), and Chemical Products ($146M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Peru+$72.3MCrude Petroleum
Top Product Potential Peru Ecuador+$43.6MRefined 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 Peru. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Ecuador.

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

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