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Pricing

2022
Flag → Flag
Exports $4.47BRnk 39 / 219
2022
Flag → Flag
Top Product $3.26BRefined Petroleum
2022
Flag → Flag
Exports $5.97BRnk 1 / 170
2022
Flag → Flag
Top Product $4.5BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 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

United States-Ecuador Trade: In 2022, United States exported $4.47B 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 22.9%, from $1.59B in 2017 to $4.47B in 2022.

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

Ecuador-United States Trade: In 2022, Ecuador exported $5.97B 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 26%,  from $1.88B in 2017 to $5.97B 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.

Latest Trends

April, 2024

About

Overview In April 2024, United States exported $686M and imported $636M from Ecuador, resulting in a positive trade balance of $49.1M. Between April 2023 and April 2024 the exports of United States have increased by $207M (43.3%) from $479M to $686M, while imports decreased by $-57.8M (-8.32%) from $694M to $636M.

Trade In April 2024, the top exports of United States to Ecuador were Refined Petroleum ($325M), Petroleum Gas ($61.8M), Soybean Meal ($49.6M), Telephones ($19.8M), and Commodities not elsewhere specified ($16.3M). In April 2024 the top imports of United States from Ecuador were Crude Petroleum ($385M), Crustaceans ($114M), Cut Flowers ($75M), Refined Petroleum ($74.6M), and Bananas ($52.4M).

Origins In April 2024 the exports of United States were mainly from Texas ($300M), Louisiana ($207M), Florida ($70.3M), California ($15.2M), and Georgia ($10.9M), while imports destinations were mainly California ($299M), Florida ($174M), New Jersey ($44.4M), and New York ($21.2M).

Growth In April 2024, the increase in United States's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Refined Petroleum ($112M or 52.7%), Petroleum Gas ($35.2M or 132%), and Soybean Meal ($6.92M or 16.2%). In April 2024, the decrease in United States's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Cocoa Beans ($-2.56M or -21.3%), Fish Fillets ($-2.3M or -14.3%), and Aluminium Bars ($-1.82M or -28.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (April 2023 - April 2024)$207M(43.3%)
IMPORT GROWTH (April 2023 - April 2024)$-57.8M(-8.32%)
MAIN EXPORTER (April 2024)Texas$300M

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

To check Ecuador and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $4.47B 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 22.9%, from $1.59B in 2017 to $4.47B in 2022.

In 2017, Ecuador exported $5.97B 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 22 years the exports of Ecuador to United States have increased at an annualized rate of 26%, from $1.88B in 1995 to $5.97B 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 DestinationCanada$308B
Ecuador
Top DestinationUnited 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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