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2023
Flag → Flag
Exports $157MRnk 74 / 137
2023
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Top Product $110MNitrogenous Fertilizers
2023
Flag → Flag
Exports $924MRnk 9 / 174
2023
Flag → Flag
Top Product $758MBananas
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
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GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Russia-Ecuador Trade: In 2023, Russia exported $157M to Ecuador. The main products that Russia exported to Ecuador were Nitrogenous Fertilizers ($110M), Mixed Mineral or Chemical Fertilizers ($22.4M), and Other Inedible Animal Products ($6.69M). Over the past 5 years the exports of Russia to Ecuador have decreased at an annualized rate of 14.1%, from $337M in 2018 to $157M in 2023.

In 2020, Russia exported services to Ecuador worth $8.36M, with Construction services ($7.67M), Transportation ($448k), and Other business services ($108k) being the largest in terms of value.

Ecuador-Russia Trade: In 2023, Ecuador exported $924M to Russia. The main products that Ecuador exported to Russia were Bananas ($758M), Crustaceans ($125M), and Coffee and Tea Extracts ($19.1M). Over the past 5 years the exports of Ecuador to Russia have decreased at an annualized rate of 1.13%,  from $978M in 2018 to $924M in 2023.

In 2023, Ecuador did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $37M and imported $128M from Ecuador, resulting in a negative trade balance of $91.3M. Between January 2021 and January 2022 the exports of Russia have increased by $22M (146%) from $15M to $37M, while imports increased by $26.4M (26%) from $102M to $128M.

Trade In January 2022, the top exports of Russia to Ecuador were Kraft Paper ($3.76M), Refined Petroleum ($3.74M), Other Uncoated Paper ($1.85M), Mixed Mineral or Chemical Fertilizers ($1.63M), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($1.25M). In January 2022 the top imports of Russia from Ecuador were Bananas ($81.4M), Crustaceans ($8.15M), Cut Flowers ($3.11M), Coffee and Tea Extracts ($2.88M), and Non-fillet Frozen Fish ($1.89M).

Origins In January 2022 the exports of Russia were mainly from VOLOGDA REGION ($11.5M), REPUBLIC OF BASHKORTOSTAN ($7.79M), ARKHANGELSK REGION ($4.06M), KOMI REPUBLIC ($3.77M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.44M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($45.6M), ST. PETERSBURG ($26.8M), KRASNODAR TERRITORY ($25.3M), KALININGRAD REGION ($11.1M), and MOSCOW REGION ($7.11M).

Growth In January 2022, the increase in Russia's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Refined Petroleum ($2.63M or 237%), Kraft Paper ($2.11M or 128%), and Other Uncoated Paper ($828k or 81.1%). In January 2022, the increase in Russia's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Crustaceans ($4.7M or 136%), Non-fillet Frozen Fish ($1.23M or 184%), and Scrap Copper ($888k or 329%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$22M(146%)
IMPORT GROWTH (January 2021 - January 2022)$26.4M(26%)
MAIN EXPORTER (January 2022)VOLOGDA REGION$11.5M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Ecuador and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $157M to Ecuador. The main products exported from Russia to Ecuador were Nitrogenous Fertilizers ($110M), Mixed Mineral or Chemical Fertilizers ($22.4M), and Other Inedible Animal Products ($6.69M). During the last 5 years the exports of Russia to Ecuador have decreased at an annualized rate of 14.1%, from $337M in 2018 to $157M in 2023.

In 2018, Ecuador exported $924M to Russia. The main products exported from Ecuador to Russia were Bananas ($758M), Crustaceans ($125M), and Coffee and Tea Extracts ($19.1M). During the last 5 years the exports of Ecuador to Russia have decreased at an annualized rate of 1.13%, from $978M in 2023 to $924M in 2018.

Exports from Russia (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Russia than Ecuador included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Ecuador than Russia included Panama ($4.38B), United States ($8.34B), and Chile ($1.11B).

Difference in imports from Ecuador (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Ecuador

Flow
Scale

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

During 2023, Russia had a large net trade with Ecuador in the exports of Chemical Products ($140M), Animal Products ($6.69M), and Machines ($4.66M).

During 2018, Ecuador had a large net trade with Russia in the exports of Vegetable Products ($760M), Animal Products ($135M), and Foodstuffs ($27.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Ecuador+$10.1kRefined Petroleum
Top Product Potential Ecuador Russia+$5.67kRefined 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 Russia and Ecuador. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Ecuador (Flag) (2023)

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