2022
Flag  
GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

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 12.6%, from $4.47B in 2017 to $8.08B in 2022.

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

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.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Company data: In 2023, leading companies such as Dole Fresh Fruit (20.3k), One Banana (641), and Chiquita (387) were at the forefront of exporting goods from Ecuador to the United States. Conversely, Union De Bananeros Ecuatorianos S.a (14.1k), Asociacion De Agricultores Bananero (3.43k), and Other (711) were notable for importing products to Ecuador from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 12.6%, from $4.47B in 2017 to $8.08B in 2022.

In 2017, 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 2022 to $9.86B in 2017.

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

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

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Ecuador
Top Destination
United States$9.86B

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

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

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

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

Comparative Advantage United States - Ecuador

Flow
Scale

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

During 2022, United States had a large net trade with Ecuador in the exports of Mineral Products ($4.92B), Machines ($790M), and Foodstuffs ($544M).

During 2017, 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).

Potential Exports

Potential Exports

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

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

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

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