Micronesia (FSM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Micronesia-Ecuador Trade: In 2022, Micronesia exported $3.47M to Ecuador. The main products that Micronesia exported to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). Over the past 12 years the exports of Micronesia to Ecuador have decreased at an annualized rate of 11%, from $14.1M in 2010 to $3.47M in 2022.

In 2022, Micronesia did not export any services to Ecuador.

Ecuador-Micronesia Trade: In 2022, Ecuador exported $3.47k to Micronesia. The main products that Ecuador exported to Micronesia were N/A. Over the past 12 years the exports of Ecuador to Micronesia have decreased at an annualized rate of 26%, from $15.6k in 2010 to $3.47k in 2022.

In 2022, Ecuador did not export any services to Micronesia.

Comparison In 2022, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index. That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $3.47M to Ecuador. The main products exported from Micronesia to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). During the last 12 years the exports of Micronesia to Ecuador have decreased at an annualized rate of 11%, from $14.1M in 2010 to $3.47M in 2022.

In 2008, Ecuador exported $3.47k to Micronesia. There were not main exports from Ecuador to Micronesia in 2008. During the last 5 years the exports of Ecuador to Micronesia have decreased at an annualized rate of 26%, from $15.6k in 2013 to $3.47k in 2008.

Exports from Micronesia () to Ecuador () (2022)

Exports from Ecuador () to Micronesia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Micronesia than Ecuador included Thailand ($143M), Philippines ($22.7M), and Fiji ($1.5M).

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

Difference in imports from Ecuador () and Micronesia () (2022)

Comparative Advantage Micronesia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with Ecuador in the exports of Animal Products ($3.47M).

During 2008, Ecuador had a large net trade with Micronesia in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Ecuador () (2022)

Exports from Ecuador () to Micronesia () (2022)

Market Competitiveness

Difference in imports from Ecuador () and Micronesia () (2022)

Comparative Advantage Micronesia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Ecuador () (2022)

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