Flag Russia / Ecuador Flag

Exports FlagFlag  (2018): $381M, Rnk 80 / 187

Top Product FlagFlag (2018): $146M, Refined Petroleum

Exports FlagFlag (2018): $848M, Rnk 7 / 166

Top Product FlagFlag (2018): $652M, Bananas

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI -0.7, Rnk 102 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $108B, CURRENT US$
Rnk 59 / 196

GDP GROWTH Flag (2008-2018): 75.5%, CURRENT US$
Rnk 49 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $6,345, CURRENT US$
Rnk 98 / 196

GDP PC GROWTH Flag (2008-2018): 49.3%, CURRENT US$
Rnk 47 / 196

Russia-Ecuador: In 2018, Russia exported $381M to Ecuador. The main products exported from Russia to Ecuador were Refined Petroleum ($146M), Nitrogenous Fertilizers ($71M), and Coal Tar Oil ($21.1M). During the last 22 years the exports of Russia to Ecuador have increased at an annualized rate of 15.1%, from $17.2M in 1996 to $381M in 2018. In 2018, Russia exported services to Ecuador worth $1.3M, with Other business services ($500k), Communications services ($400k), and Transportation ($300k) being the largest in terms of value.

Ecuador-Russia: In 2018, Ecuador exported $848M to Russia. The main products exported from Ecuador to Russia were Bananas ($652M), Cut Flowers ($137M), and Crustaceans ($22.3M). During the last 23 years the exports of Ecuador to Russia have increased at an annualized rate of 12.4%, from $65.1M in 1995 to $848M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.7), and 70 in total exports ($22.1B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Ecuador was ranked 98 with a GDP Per Capita of $6,345.

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $381M to Ecuador. The main products exported from Russia to Ecuador were Refined Petroleum ($146M), Nitrogenous Fertilizers ($71M), and Coal Tar Oil ($21.1M). During the last 22 years the exports of Russia to Ecuador have increased at an annualized rate of 15.1%, from $17.2M in 1996 to $381M in 2018.

In 2018, Ecuador exported $848M to Russia. The main products exported from Ecuador to Russia were Bananas ($652M), Cut Flowers ($137M), and Crustaceans ($22.3M). During the last 23 years the exports of Ecuador to Russia have increased at an annualized rate of 12.4%, from $65.1M in 1995 to $848M in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Ecuador
Top Destination
: United States, $6.69B

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 2018, countries that imported more from Russia than Ecuador were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Ecuador than Russia were Chile ($1.49B), Peru ($1.66B), and Panama ($1.24B).

Comparative Advantage Russia - Ecuador

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Depth

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

During 2018, Russia had a large net trade with Ecuador in the exports of Mineral Products ($168M), Chemical Products ($123M), and Paper Goods ($30M).

During 2018, Ecuador had a large net trade with Russia in the exports of Vegetable Products ($791M), Animal Products ($33M), and Foodstuffs ($22.5M).

Tariff Section

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This sections shows import tariffs for products traded between Russia and Ecuador (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Ecuador were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Russia were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (85.5%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (85.5%).

Explore Tariff Data

*The tariffs present between Russia and Ecuador are:
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between Russia and Ecuador. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Ecuador worth $1.3M, with Other business services ($500k), Communications services ($400k), and Transportation ($300k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over Russia.