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Pricing

2022
Flag → Flag
Exports $9.86BRnk 1 / 170
2022
Flag → Flag
Top Product $4.5BCrude Petroleum
2022
Flag → Flag
Exports $8.08BRnk 39 / 219
2022
Flag → Flag
Top Product $3.26BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Ecuador-United States Trade: In 2022, Ecuador exported $9.86B to United States. The main products that Ecuador exported to United States were Crude Petroleum ($4.5B), Crustaceans ($1.63B), and Refined Petroleum ($579M). Over the past 5 years the exports of Ecuador to United States have increased at an annualized rate of 10.5%, from $5.97B in 2017 to $9.86B in 2022.

In 2022, Ecuador did not export any services to United States.

United States-Ecuador Trade: In 2022, United States exported $8.08B to Ecuador. The main products that United States exported to Ecuador were Refined Petroleum ($3.26B), Coal Tar Oil ($809M), and Petroleum Gas ($784M). Over the past 5 years the exports of United States to Ecuador have increased at an annualized rate of 8.81%,  from $4.47B in 2017 to $8.08B in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $309M and imported $205M from United States, resulting in a positive trade balance of $104M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-45.1M (-12.7%) from $354M to $309M, while imports increased by $18.9M (10.1%) from $186M to $205M.

Trade In December 2021, the top exports of Ecuador to United States were Cut Flowers ($73.4M), Crustaceans ($66.2M), Bananas ($51M), Gold ($25.2M), and Cocoa Beans ($22.1M). In December 2021 the top imports of Ecuador from United States were Soybean Meal ($31.2M), Ethylene Polymers ($9.83M), Telephones ($6.41M), Commodities not elsewhere specified ($6.01M), and Vinyl Chloride Polymers ($5.71M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($260M), Guayaquil-Aéreo ($24.1M), Puerto Bolívar ($11.9M), Quito ($9.1M), and Manta ($4.47M), while imports destinations were mainly Guayaquil-Marítimo ($134M), Quito ($45.7M), Guayaquil-Aéreo ($17.4M), Manta ($3.92M), and Huaquillas ($2.03M).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to United States was explained primarily by an decrease in product exports in Bananas ($-30.4M or -37.3%), Non-fillet Fresh Fish ($-13.4M or -77.3%), and Other Fruits ($-2.17M or -39.2%). In December 2021, the increase in Ecuador's year-by-year imports  from United States was explained primarily by an increase in product imports  in Soybean Meal ($6.18M or 24.7%), Commodities not elsewhere specified ($3.3M or 122%), and Ethylene Polymers ($2.95M or 42.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-45.1M(-12.7%)
IMPORT GROWTH (December 2020 - December 2021)$18.9M(10.1%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$260M

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 United States and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $9.86B to United States. The main products exported from Ecuador to United States were Crude Petroleum ($4.5B), Crustaceans ($1.63B), and Refined Petroleum ($579M). During the last 5 years the exports of Ecuador to United States have increased at an annualized rate of 10.5%, from $5.97B in 2017 to $9.86B in 2022.

In 2017, United States exported $8.08B to Ecuador. The main products exported from United States to Ecuador were Refined Petroleum ($3.26B), Coal Tar Oil ($809M), and Petroleum Gas ($784M). During the last 5 years the exports of United States to Ecuador have increased at an annualized rate of 8.81%, from $4.47B in 2022 to $8.08B in 2017.

Exports from Ecuador (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Ecuador than United States included Guam ($348k) and Bonaire ($10.9k).

In 2022, countries that imported more from United States than Ecuador included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - United States

Flow
Scale

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

During 2022, Ecuador had a large net trade with United States in the exports of Mineral Products ($5.08B), Animal Products ($1.86B), and Vegetable Products ($1.27B).

During 2017, United States had a large net trade with Ecuador in the exports of Mineral Products ($4.92B), Machines ($790M), and Foodstuffs ($544M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador United States+$728MCrude Petroleum
Top Product Potential United States Ecuador+$43.5MCars

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

Product Space of Ecuador (Flag) and United States (Flag) (2022)

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