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Pricing

2022
Flag → Flag
Exports $34.7MRnk 58 / 170
2022
Flag → Flag
Top Product $14.5MCrustaceans
2022
Flag → Flag
Exports $58.9MRnk 93 / 215
2022
Flag → Flag
Top Product $8.92MLiquid Pumps
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%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).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.88M and imported $4.45M from Singapore, resulting in a negative trade balance of $2.57M. Between December 2020 and December 2021 the exports of Ecuador have increased by $823k (78%) from $1.05M to $1.88M, while imports increased by $837k (23.2%) from $3.61M to $4.45M.

Trade In December 2021, the top exports of Ecuador to Singapore were Crustaceans ($636k), Other Fruits ($239k), Other live plants, cuttings and slips; mushroom... ($211k), Bananas ($79.1k), and Cut Flowers ($66.5k). In December 2021 the top imports of Ecuador from Singapore were Other Edible Preparations ($1.11M), Blank Audio Media ($481k), Polyacetals ($463k), Gas and Liquid Flow Measuring Instruments ($268k), and Electric Motor Parts ($214k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.67M), Quito ($195k), and Guayaquil-Aéreo ($7.43k), while imports destinations were mainly Guayaquil-Marítimo ($2.37M), Quito ($1.3M), Tulcán ($514k), Guayaquil-Aéreo ($235k), and Huaquillas ($25.8k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Singapore was explained primarily by an increase in product exports in Other live plants, cuttings and slips; mushroom... ($132k or 167%). In December 2021, the increase in Ecuador's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Polyacetals ($311k or 204%), Gas and Liquid Flow Measuring Instruments ($267k or 20.3k%), and Blank Audio Media ($231k or 92.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$823k(78%)
IMPORT GROWTH (December 2020 - December 2021)$837k(23.2%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$1.67M

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 Singapore and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Ecuador Data

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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 DestinationUnited States$9.86B
Singapore
Top DestinationHong 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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