Flag Ecuador / Peru Flag

Exports FlagFlag  (2018): $1.66B, Rnk 2 / 166

Top Product FlagFlag (2018): $1.3B, Crude Petroleum

Exports FlagFlag (2018): $862M, Rnk 13 / 178

Top Product FlagFlag (2018): $194M, Animal Food

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

Economic Complexity of Flag (2018): ECI -0.6, Rnk 94 / 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): $222B, CURRENT US$
Rnk 49 / 196

GDP GROWTH Flag (2008-2018): 84.2%, CURRENT US$
Rnk 45 / 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): $6,941, CURRENT US$
Rnk 95 / 196

GDP PC GROWTH Flag (2008-2018): 64.5%, CURRENT US$
Rnk 32 / 196

Ecuador-Peru: In 2018, Ecuador exported $1.66B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($1.3B), Particle Board ($39.6M), and Animal Food ($35M). During the last 23 years the exports of Ecuador to Peru have increased at an annualized rate of 14.6%, from $72.7M in 1995 to $1.66B in 2018.

Peru-Ecuador: In 2018, Peru exported $862M to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($194M), Animal Meal and Pellets ($32M), and Refined Petroleum ($23.8M). During the last 23 years the exports of Peru to Ecuador have increased at an annualized rate of 13.4%, from $48M in 1995 to $862M 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, Peru ranked 94 in the Economic Complexity Index (ECI -0.6), and 53 in total exports ($48.5B). In terms of GDP Per Capita, Ecuador was ranked 98 with a GDP Per Capita of $6,345, and Peru was ranked 95 with a GDP Per Capita of $6,941.

Bilateral Trade by Products

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Depth
Value

In 2018, Ecuador exported $1.66B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($1.3B), Particle Board ($39.6M), and Animal Food ($35M). During the last 23 years the exports of Ecuador to Peru have increased at an annualized rate of 14.6%, from $72.7M in 1995 to $1.66B in 2018.

In 2018, Peru exported $862M to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($194M), Animal Meal and Pellets ($32M), and Refined Petroleum ($23.8M). During the last 23 years the exports of Peru to Ecuador have increased at an annualized rate of 13.4%, from $48M in 1995 to $862M in 2018.

Market Competitiveness

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Measure

Ecuador
Top Destination
: United States, $6.69B

Peru
Top Destination
: China, $13.3B

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 2018, countries that imported more from Ecuador than Peru were Vietnam ($1.21B), Panama ($1.24B), and Russia ($848M).

In 2018, countries that imported more from Peru than Ecuador were China ($13.3B), South Korea ($2.47B), and India ($2.49B).

Comparative Advantage Ecuador - Peru

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Depth

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

During 2018, Ecuador had a large net trade with Peru in the exports of Mineral Products ($1.33B), Foodstuffs ($98.1M), and Metals ($52.1M).

During 2018, Peru had a large net trade with Ecuador in the exports of Foodstuffs ($303M), Chemical Products ($104M), and Metals ($99.6M).

Trade Forecasts

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This section shows a forecast for total trade between Ecuador and Peru. 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 Peru. Similarly, the more red a dot/product is, the more Peru has comparative advantage over Ecuador.