2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH
55%CURRENT US$
Rnk 40 / 195

About

Ecuador-United States Trade: In 2023, Ecuador exported $8.34B to United States. The main products that Ecuador exported to United States were Crude Petroleum ($3.44B), Crustaceans ($1.4B), and Bananas ($551M). Over the past 5 years the exports of Ecuador to United States have increased at an annualized rate of 4.18%, from $6.8B in 2018 to $8.34B in 2023.

In 2023, Ecuador did not export any services to United States.

United States-Ecuador In N/A, United States did not export any products to Ecuador.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $8.34B to United States. The main products exported from Ecuador to United States were Crude Petroleum ($3.44B), Crustaceans ($1.4B), and Bananas ($551M). During the last 5 years the exports of Ecuador to United States have increased at an annualized rate of 4.18%, from $6.8B in 2018 to $8.34B in 2023.

United States does not register exports to Ecuador. The main products exported from United States to Ecuador were Refined Petroleum ($3.21B), Coal Tar Oil ($1.33B), and Petroleum Gas ($608M).

Exports from Ecuador (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
United States
Top Destination
Canada$269B

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 2023, countries that imported more from Ecuador than United States included Russia ($924M), American Samoa ($660k), and Guam ($586k).

In 2023, countries that imported more from United States than Ecuador included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Ecuador (Flag) (2023)

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 2023, Ecuador had a large net trade with United States in the exports of Mineral Products ($3.79B), Animal Products ($1.56B), and Vegetable Products ($1.39B).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with