2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Ecuador-Singapore Trade: In 2022, Ecuador exported $34.7M to Singapore. The main products that Ecuador exported to Singapore were Crustaceans ($14.5M), Cocoa Beans ($14.3M), and Other Fruits ($2.85M). Over the past 5 years the exports of Ecuador to Singapore have increased at an annualized rate of 34.2%, from $7.98M in 2017 to $34.7M in 2022.

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

Singapore-Ecuador Trade: In 2022, Singapore exported $58.9M to Ecuador. The main products that Singapore exported to Ecuador were Liquid Pumps ($8.92M), Other Edible Preparations ($6.89M), and Gas and Liquid Flow Measuring Instruments ($3.87M). Over the past 5 years the exports of Singapore to Ecuador have decreased at an annualized rate of 5.13%,  from $76.6M in 2017 to $58.9M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $34.7M to Singapore. The main products exported from Ecuador to Singapore were Crustaceans ($14.5M), Cocoa Beans ($14.3M), and Other Fruits ($2.85M). During the last 5 years the exports of Ecuador to Singapore have increased at an annualized rate of 34.2%, from $7.98M in 2017 to $34.7M in 2022.

In 2017, Singapore exported $58.9M to Ecuador. The main products exported from Singapore to Ecuador were Liquid Pumps ($8.92M), Other Edible Preparations ($6.89M), and Gas and Liquid Flow Measuring Instruments ($3.87M). During the last 5 years the exports of Singapore to Ecuador have decreased at an annualized rate of 5.13%, from $76.6M in 2022 to $58.9M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Ecuador than Singapore included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

In 2022, countries that imported more from Singapore than Ecuador included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Ecuador - Singapore

Flow
Scale

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

During 2022, Ecuador had a large net trade with Singapore in the exports of Animal Products ($14.5M), Foodstuffs ($14.5M), and Vegetable Products ($4.79M).

During 2017, Singapore had a large net trade with Ecuador in the exports of Machines ($27.2M), Instruments ($9.16M), and Foodstuffs ($7.18M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Singapore+$15.5MRefined Petroleum
Top Product Potential Singapore Ecuador+$2.74MRefined 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 Singapore. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Ecuador.

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

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