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2023
Flag → Flag
Exports $8.19BRnk 38 / 220
2023
Flag → Flag
Top Product $3.21BRefined Petroleum
2023
Flag → Flag
Exports $165kRnk 1 / 174
2023
Flag → Flag
Top Product $3.44BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

United States-Ecuador Trade: In 2023, United States exported $8.19B to Ecuador. The main products that United States exported to Ecuador were Refined Petroleum ($3.21B), Coal Tar Oil ($1.33B), and Petroleum Gas ($608M). Over the past 5 years the exports of United States to Ecuador have increased at an annualized rate of 10.1%, from $5.06B in 2018 to $8.19B in 2023.

In 2023, United States did not export any services to Ecuador.

Ecuador-United States Trade: In 2023, Ecuador exported $8.34B to United States. The main products that Ecuador exported to United States were Crude Petroleum ($3.44B), Crustaceans ($1.4B), and Bananas ($551M). Over the past 5 years the exports of Ecuador to United States have increased at an annualized rate of 4.18%,  from $6.8B in 2018 to $8.34B in 2023.

In 2023, Ecuador did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

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

November, 2024

About

Overview In November 2024, United States exported $836M and imported $799M from Ecuador, resulting in a positive trade balance of $36.7M. Between November 2023 and November 2024 the exports of United States have increased by $151M (22.1%) from $684M to $836M, while imports increased by $191M (31.4%) from $608M to $799M.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from Texas ($524M), Louisiana ($98.4M), Florida ($88.6M), California ($16.6M), and Georgia ($13.8M), while imports destinations were mainly California ($391M), Florida ($123M), Texas ($70.1M), New Jersey ($69.9M), and New York ($40.2M).

Growth In November 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 November 2024, the increase in United States's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Crude Petroleum ($216M or 128%), Refined Petroleum ($24.3M or 48.3%), and Bananas ($15.8M or 43%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$151M(22.1%)
IMPORT GROWTH (November 2023 - November 2024)$191M(31.4%)
MAIN EXPORTER (November 2024)Texas$524M

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 2023, United States exported $8.19B to Ecuador. The main products exported from United States to Ecuador were Refined Petroleum ($3.21B), Coal Tar Oil ($1.33B), and Petroleum Gas ($608M). During the last 5 years the exports of United States to Ecuador have increased at an annualized rate of 0.78%, from $33M in 2018 to $8.19B in 2023.

In 2018, Ecuador exported $8.34B to United States. The main products exported from Ecuador to United States were Crude Petroleum ($3.44B), Crustaceans ($1.4B), and Bananas ($551M). During the last 5 years the exports of Ecuador to United States have increased at an annualized rate of 21.5%, from $554k in 2023 to $8.34B in 2018.

Exports from United States (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from United States than Ecuador included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Ecuador than United States included Russia ($924M), American Samoa ($660k), and Guam ($586k).

Difference in imports from Ecuador (Flag) and United States (Flag) (2023)

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 2023, United States had a large net trade with Ecuador in the exports of Mineral Products ($5.19B), Foodstuffs ($655M), and Machines ($653M).

During 2018, Ecuador had a large net trade with United States in the exports of Mineral Products ($3.79B), Animal Products ($1.56B), and Vegetable Products ($1.39B).

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) (2023)

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