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2023
Flag → Flag
Exports $924MRnk 9 / 174
2023
Flag → Flag
Top Product $758MBananas
2023
Flag → Flag
Exports $157MRnk 74 / 137
2023
Flag → Flag
Top Product $110MNitrogenous Fertilizers
2023
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Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
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GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Ecuador-Russia Trade: In 2023, Ecuador exported $924M to Russia. The main products that Ecuador exported to Russia were Bananas ($758M), Crustaceans ($125M), and Coffee and Tea Extracts ($19.1M). Over the past 5 years the exports of Ecuador to Russia have decreased at an annualized rate of 1.13%, from $978M in 2018 to $924M in 2023.

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

Russia-Ecuador Trade: In 2023, Russia exported $157M to Ecuador. The main products that Russia exported to Ecuador were Nitrogenous Fertilizers ($110M), Mixed Mineral or Chemical Fertilizers ($22.4M), and Other Inedible Animal Products ($6.69M). Over the past 5 years the exports of Russia to Ecuador have decreased at an annualized rate of 14.1%,  from $337M in 2018 to $157M in 2023.

In 2020, Russia exported services to Ecuador worth $8.36M, with Construction services ($7.67M), Transportation ($448k), and Other business services ($108k) being the largest in terms of value.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $87.6M and imported $24.6M from Russia, resulting in a positive trade balance of $62.9M. Between December 2020 and December 2021 the exports of Ecuador have increased by $9.18M (11.7%) from $78.4M to $87.6M, while imports increased by $5.43M (28.2%) from $19.2M to $24.6M.

Trade In December 2021, the top exports of Ecuador to Russia were Bananas ($63.1M), Cut Flowers ($34.1M), Crustaceans ($14.3M), Non-fillet Frozen Fish ($988k), and Scrap Copper ($684k). In December 2021 the top imports of Ecuador from Russia were Nitrogenous Fertilizers ($8.1M), Mixed Mineral or Chemical Fertilizers ($2.88M), Hot-Rolled Iron ($672k), Potassic Fertilizers ($436k), and Carbon ($266k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($60.7M), Puerto Bolívar ($23.7M), Quito ($2.26M), and Manta ($927k), while imports destinations were mainly Guayaquil-Marítimo ($24.5M), Quito ($121k), and Guayaquil-Aéreo ($55.9k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Russia was explained primarily by an increase in product exports in Cut Flowers ($16M or 88.5%), Crustaceans ($8.53M or 148%), and Non-fillet Frozen Fish ($473k or 91.8%). In December 2021, the increase in Ecuador's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Mixed Mineral or Chemical Fertilizers ($2.13M or 284%), Nitrogenous Fertilizers ($572k or 7.6%), and Carbonates ($72.4k or 530%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$9.18M(11.7%)
IMPORT GROWTH (December 2020 - December 2021)$5.43M(28.2%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$60.7M

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 Russia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $924M to Russia. The main products exported from Ecuador to Russia were Bananas ($758M), Crustaceans ($125M), and Coffee and Tea Extracts ($19.1M). During the last 5 years the exports of Ecuador to Russia have decreased at an annualized rate of 1.13%, from $978M in 2018 to $924M in 2023.

In 2018, Russia exported $157M to Ecuador. The main products exported from Russia to Ecuador were Nitrogenous Fertilizers ($110M), Mixed Mineral or Chemical Fertilizers ($22.4M), and Other Inedible Animal Products ($6.69M). During the last 5 years the exports of Russia to Ecuador have decreased at an annualized rate of 14.1%, from $337M in 2023 to $157M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Ecuador than Russia included Panama ($4.38B), United States ($8.34B), and Chile ($1.11B).

In 2023, countries that imported more from Russia than Ecuador included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Ecuador - Russia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Russia in the exports of Vegetable Products ($760M), Animal Products ($135M), and Foodstuffs ($27.9M).

During 2018, Russia had a large net trade with Ecuador in the exports of Chemical Products ($140M), Animal Products ($6.69M), and Machines ($4.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Russia+$5.67kRefined Petroleum
Top Product Potential Russia Ecuador+$10.1kRefined 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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Bilateral Service Trade

In 2020, Russia exported services to Ecuador worth $8.36M, with Construction services ($7.67M), Transportation ($448k), and Other business services ($108k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Ecuador (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Russia. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Ecuador.

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

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