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Pricing

2022
Flag → Flag
Exports $13MRnk 79 / 170
2022
Flag → Flag
Top Product $5.79MCrustaceans
2022
Flag → Flag
Exports $2.46MRnk 68 / 149
2022
Flag → Flag
Top Product $1.52MAcyclic Alcohols
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
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GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Ecuador-Trinidad and Tobago Trade: In 2022, Ecuador exported $13M to Trinidad and Tobago. The main products that Ecuador exported to Trinidad and Tobago were Crustaceans ($5.79M), Other Processed Vegetables ($2.4M), and Frozen Vegetables ($1.21M). Over the past 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 17.6%, from $5.78M in 2017 to $13M in 2022.

In 2022, Ecuador did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Ecuador Trade: In 2022, Trinidad and Tobago exported $2.46M to Ecuador. The main products that Trinidad and Tobago exported to Ecuador were Acyclic Alcohols ($1.52M), Flavored Water ($813k), and Scrap Plastic ($44.7k). Over the past 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 11%,  from $4.39M in 2017 to $2.46M in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $712k and imported $1.02M from Trinidad and Tobago, resulting in a negative trade balance of $304k. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-17.5M (-96.1%) from $18.2M to $712k, while imports increased by $922k (978%) from $94.2k to $1.02M.

Trade In December 2021, the top exports of Ecuador to Trinidad and Tobago were Cut Flowers ($19.3M), Crustaceans ($75.2k), and Electric Batteries ($57.8k). In December 2021 the top imports of Ecuador from Trinidad and Tobago were Acyclic Alcohols ($753k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($510k), Quito ($163k), and Manta ($39.2k), while imports destinations were mainly Guayaquil-Marítimo ($1.02M).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Acyclic Alcohols ($375k or 98.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-17.5M(-96.1%)
IMPORT GROWTH (December 2020 - December 2021)$922k(978%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$510k

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 Trinidad and Tobago and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Ecuador than Trinidad and Tobago included China ($6.17B), United States ($9.86B), and Panama ($4.97B).

In 2022, countries that imported more from Trinidad and Tobago than Ecuador included Morocco ($740M), Belgium ($894M), and Brazil ($497M).

Difference in imports from Trinidad and Tobago (Flag) and Ecuador (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Trinidad and Tobago+$4.13kRefined Petroleum
Top Product Potential Trinidad and Tobago Ecuador+$4.83kPetroleum Gas

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 Trinidad and Tobago. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Trinidad and Tobago (Flag) (NaN)

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