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2023
Flag → Flag
Exports $100MRnk 35 / 174
2023
Flag → Flag
Top Product $81.1MPrecious Metal Ore
2023
Flag → Flag
Exports $349MRnk 50 / 212
2023
Flag → Flag
Top Product $116MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Ecuador-Chinese Taipei Trade: In 2023, Ecuador exported $100M to Chinese Taipei. The main products that Ecuador exported to Chinese Taipei were Precious Metal Ore ($81.1M), Crustaceans ($12M), and Cut Flowers ($1.6M). Over the past 5 years the exports of Ecuador to Chinese Taipei have increased at an annualized rate of 65.9%, from $7.98M in 2018 to $100M in 2023.

In 2023, Ecuador did not export any services to Chinese Taipei.

Chinese Taipei-Ecuador Trade: In 2023, Chinese Taipei exported $349M to Ecuador. The main products that Chinese Taipei exported to Ecuador were Refined Petroleum ($116M), Coal Tar Oil ($38.5M), and Styrene Polymers ($15.6M). Over the past 5 years the exports of Chinese Taipei to Ecuador have increased at an annualized rate of 12%,  from $198M in 2018 to $349M in 2023.

In 2023, Chinese Taipei did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $3.94M and imported $15.2M from Chinese Taipei, resulting in a negative trade balance of $11.2M. Between December 2020 and December 2021 the exports of Ecuador have increased by $3.07M (354%) from $867k to $3.94M, while imports increased by $5.54M (57.6%) from $9.62M to $15.2M.

Trade In December 2021, the top exports of Ecuador to Chinese Taipei were Precious Metal Ore ($2.89M), Frozen Vegetables ($87.6k), Crustaceans ($82.7k), Cut Flowers ($73.8k), and Other live plants, cuttings and slips; mushroom... ($72.6k). In December 2021 the top imports of Ecuador from Chinese Taipei were Hot-Rolled Iron ($7.41M), Styrene Polymers ($920k), Motor vehicles; parts and accessories (8701... ($818k), Twine, cordage or rope; knotted netting,... ($621k), and Rubber Tires ($564k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.92M), Guayaquil-Aéreo ($14.2k), and Quito ($6.52k), while imports destinations were mainly Guayaquil-Marítimo ($12.3M), Quito ($1.66M), Guayaquil-Aéreo ($1.09M), Tulcán ($83.6k), and Cuenca ($52.3k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in Frozen Vegetables ($58k or 196%), Coffee ($12.8k or 233%), and Cocoa Powder ($11.7k or 391%). In December 2021, the increase in Ecuador's year-by-year imports  from Chinese Taipei was explained primarily by an increase in product imports  in Twine, cordage or rope; knotted netting,... ($255k or 69.9%), Unprocessed Synthetic Staple Fibers ($231k or 200%), and Bi-Wheel Vehicle Parts ($229k or 220%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$3.07M(354%)
IMPORT GROWTH (December 2020 - December 2021)$5.54M(57.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$3.92M

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 Chinese Taipei and Ecuador trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $100M to Chinese Taipei. The main products exported from Ecuador to Chinese Taipei were Precious Metal Ore ($81.1M), Crustaceans ($12M), and Cut Flowers ($1.6M). During the last 5 years the exports of Ecuador to Chinese Taipei have increased at an annualized rate of 65.9%, from $7.98M in 2018 to $100M in 2023.

In 2018, Chinese Taipei exported $349M to Ecuador. The main products exported from Chinese Taipei to Ecuador were Refined Petroleum ($116M), Coal Tar Oil ($38.5M), and Styrene Polymers ($15.6M). During the last 5 years the exports of Chinese Taipei to Ecuador have increased at an annualized rate of 12%, from $198M in 2023 to $349M in 2018.

Exports from Ecuador (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from Ecuador than Chinese Taipei included Panama ($4.38B), Chile ($1.11B), and Peru ($1.15B).

In 2023, countries that imported more from Chinese Taipei than Ecuador included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Chinese Taipei

Flow
Scale

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

During 2023, Ecuador had a large net trade with Chinese Taipei in the exports of Mineral Products ($82M), Animal Products ($12M), and Vegetable Products ($3.21M).

During 2018, Chinese Taipei had a large net trade with Ecuador in the exports of Mineral Products ($155M), Machines ($71.3M), and Plastics and Rubbers ($43.2M).

Economic Complexity

Competitive Landscape

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

Product Space of Ecuador (Flag) and Chinese Taipei (Flag) (2023)

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