Flag United States / Ecuador Flag

Exports Flag β†’ Flag  (2018): $5.31B, Rnk 41 / 215

Top Product Flag β†’ Flag (2018): $1.85B, Refined Petroleum

Exports Flag β†’ Flag (2018): $6.69B, Rnk 1 / 166

Top Product Flag β†’ Flag (2018): $4.02B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 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

United States-Ecuador: In 2018, United States exported $5.31B to Ecuador. The main products exported from United States to Ecuador were Refined Petroleum ($1.85B), Coal Tar Oil ($477M), and Petroleum Gas ($449M). During the last 23 years the exports of United States to Ecuador have increased at an annualized rate of 6.23%, from $1.32B in 1995 to $5.31B in 2018.

Ecuador-United States: In 2018, Ecuador exported $6.69B to United States. The main products exported from Ecuador to United States were Crude Petroleum ($4.02B), Crustaceans ($515M), and Bananas ($444M). During the last 23 years the exports of Ecuador to United States have increased at an annualized rate of 5.42%, from $1.98B in 1995 to $6.69B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States was ranked 10 with a GDP Per Capita of $62,795, 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, United States exported $5.31B to Ecuador. The main products exported from United States to Ecuador were Refined Petroleum ($1.85B), Coal Tar Oil ($477M), and Petroleum Gas ($449M). During the last 23 years the exports of United States to Ecuador have increased at an annualized rate of 6.23%, from $1.32B in 1995 to $5.31B in 2018.

In 2018, Ecuador exported $6.69B to United States. The main products exported from Ecuador to United States were Crude Petroleum ($4.02B), Crustaceans ($515M), and Bananas ($444M). During the last 23 years the exports of Ecuador to United States have increased at an annualized rate of 5.42%, from $1.98B in 1995 to $6.69B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Ecuador
Top Destination
: United States, $6.69B

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 2018, countries that imported more from United States than Ecuador were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Ecuador than United States were Guam ($116k), American Samoa ($76k), and Bonaire ($2.47k).

Comparative Advantage United States - Ecuador

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Depth

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

During 2018, United States had a large net trade with Ecuador in the exports of Mineral Products ($2.81B), Machines ($816M), and Chemical Products ($367M).

During 2018, Ecuador had a large net trade with United States in the exports of Mineral Products ($4.08B), Vegetable Products ($952M), and Animal Products ($713M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Ecuador were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter United States 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%).

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*The tariffs present between United States and Ecuador are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States 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.

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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 United States has comparative advantage over Ecuador. Similarly, the more red a dot/product is, the more Ecuador has comparative advantage over United States.