Vietnam (VNM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Vietnam-Ecuador Trade: In 2023, Vietnam exported $187M to Ecuador. The main products that Vietnam exported to Ecuador were Textile Footwear ($24.3M), Broadcasting Equipment ($15.6M), and Rubber Footwear ($13.7M). Over the past 5 years the exports of Vietnam to Ecuador have decreased at an annualized rate of 0.91%, from $196M in 2018 to $187M in 2023.

In 2023, Vietnam did not export any services to Ecuador.

Ecuador-Vietnam Trade: In 2023, Ecuador exported $53M to Vietnam. The main products that Ecuador exported to Vietnam were Crustaceans ($49.5M), Cut Flowers ($2.57M), and Coffee and Tea Extracts ($434k). Over the past 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 46.4%, from $1.2B in 2018 to $53M in 2023.

In 2023, Ecuador did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $187M to Ecuador. The main products exported from Vietnam to Ecuador were Textile Footwear ($24.3M), Broadcasting Equipment ($15.6M), and Rubber Footwear ($13.7M). During the last 5 years the exports of Vietnam to Ecuador have decreased at an annualized rate of 0.91%, from $196M in 2018 to $187M in 2023.

In 2018, Ecuador exported $53M to Vietnam. The main products exported from Ecuador to Vietnam were Crustaceans ($49.5M), Cut Flowers ($2.57M), and Coffee and Tea Extracts ($434k). During the last 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 46.4%, from $1.2B in 2023 to $53M in 2018.

Exports from Vietnam () to Ecuador () (2023)

Exports from Ecuador () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Ecuador
Top DestinationUnited States$8.34B

This map shows whether countries import more from Vietnam or Ecuador. Each country is colored based on the difference in imports they receive from Vietnam and Ecuador or the difference in the growth in imports.

In 2023, countries that imported more from Vietnam than Ecuador included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Ecuador than Vietnam included Panama ($4.38B), Russia ($924M), and Peru ($1.15B).

Difference in imports from Ecuador () and Vietnam () (2023)

Comparative Advantage Vietnam - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Ecuador in the exports of Machines ($57.2M), Footwear and Headwear ($45.9M), and Textiles ($34.5M).

During 2018, Ecuador had a large net trade with Vietnam in the exports of Animal Products ($49.5M), Vegetable Products ($2.61M), and Foodstuffs ($552k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Ecuador+$29MTelephones

Top Product Potential Ecuador Vietnam+$1.55MAnimal Meal and Pellets

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

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Ecuador. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Ecuador () (2023)

Exports from Ecuador () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Vietnam () (2023)

Comparative Advantage Vietnam - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Ecuador () (2023)

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