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2022
Flag → Flag
Exports $359MRnk 67 / 138
2022
Flag → Flag
Top Product $124MNitrogenous Fertilizers
2022
Flag → Flag
Exports $994MRnk 8 / 170
2022
Flag → Flag
Top Product $780MBananas
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Russia-Ecuador Trade: In 2022, Russia exported $359M to Ecuador. The main products that Russia exported to Ecuador were Nitrogenous Fertilizers ($124M), Refined Petroleum ($106M), and Coal Tar Oil ($31.7M). Over the past 5 years the exports of Russia to Ecuador have increased at an annualized rate of 7.92%, from $245M in 2017 to $359M in 2022.

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 2022, Ecuador exported $994M to Russia. The main products that Ecuador exported to Russia were Bananas ($780M), Crustaceans ($138M), and Cut Flowers ($34.6M). Over the past 5 years the exports of Ecuador to Russia have increased at an annualized rate of 2.6%,  from $874M in 2017 to $994M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

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 2022, Russia exported $359M to Ecuador. The main products exported from Russia to Ecuador were Nitrogenous Fertilizers ($124M), Refined Petroleum ($106M), and Coal Tar Oil ($31.7M). During the last 5 years the exports of Russia to Ecuador have increased at an annualized rate of 7.92%, from $245M in 2017 to $359M in 2022.

In 2017, Ecuador exported $994M to Russia. The main products exported from Ecuador to Russia were Bananas ($780M), Crustaceans ($138M), and Cut Flowers ($34.6M). During the last 5 years the exports of Ecuador to Russia have increased at an annualized rate of 2.6%, from $874M in 2022 to $994M in 2017.

Exports from Russia (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Ecuador
Top DestinationUnited States$9.86B

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 2022, countries that imported more from Russia than Ecuador included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Ecuador than Russia included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

Difference in imports from Ecuador (Flag) and Russia (Flag) (2022)

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 2022, Russia had a large net trade with Ecuador in the exports of Chemical Products ($180M), Mineral Products ($140M), and Vegetable Products ($10.5M).

During 2017, Ecuador had a large net trade with Russia in the exports of Vegetable Products ($817M), Animal Products ($150M), and Foodstuffs ($27.4M).

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) (2022)

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