Flag Vietnam / Ecuador Flag

Exports FlagFlag  (2018): $193M, Rnk 57 / 126

Top Product FlagFlag (2018): $48.2M, Video Displays

Exports FlagFlag (2018): $1.21B, Rnk 6 / 166

Top Product FlagFlag (2018): $1.2B, Crustaceans

Economic Complexity of Flag (2018): ECI -0.28, Rnk 81 / 137

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

GDP Flag (2018): $245B, CURRENT US$
Rnk 45 / 196

GDP GROWTH Flag (2008-2018): 147%, CURRENT US$
Rnk 10 / 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): $2,567, CURRENT US$
Rnk 141 / 196

GDP PC GROWTH Flag (2008-2018): 123%, CURRENT US$
Rnk 8 / 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

Vietnam-Ecuador: In 2018, Vietnam exported $193M to Ecuador. The main products exported from Vietnam to Ecuador were Video Displays ($48.2M), Broadcasting Equipment ($30.6M), and Textile Footwear ($21.2M). During the last 23 years the exports of Vietnam to Ecuador have increased at an annualized rate of 48.3%, from $22.4k in 1995 to $193M in 2018.

Ecuador-Vietnam: In 2018, Ecuador exported $1.21B to Vietnam. The main products exported from Ecuador to Vietnam were Crustaceans ($1.2B), Non-fillet Frozen Fish ($7.32M), and Rough Wood ($1.3M). During the last 22 years the exports of Ecuador to Vietnam have increased at an annualized rate of 54.8%, from $52k in 1996 to $1.21B in 2018.

Comparison: In 2018, Vietnam ranked 81 in the Economic Complexity Index (ECI -0.28), and 19 in total exports ($274B). 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, Vietnam was ranked 141 with a GDP Per Capita of $2,567, 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, Vietnam exported $193M to Ecuador. The main products exported from Vietnam to Ecuador were Video Displays ($48.2M), Broadcasting Equipment ($30.6M), and Textile Footwear ($21.2M). During the last 23 years the exports of Vietnam to Ecuador have increased at an annualized rate of 48.3%, from $22.4k in 1995 to $193M in 2018.

In 2018, Ecuador exported $1.21B to Vietnam. The main products exported from Ecuador to Vietnam were Crustaceans ($1.2B), Non-fillet Frozen Fish ($7.32M), and Rough Wood ($1.3M). During the last 22 years the exports of Ecuador to Vietnam have increased at an annualized rate of 54.8%, from $52k in 1996 to $1.21B in 2018.

Market Competitiveness

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Measure

Vietnam
Top Destination
: China, $53.8B

Ecuador
Top Destination
: United States, $6.69B

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 2018, countries that imported more from Vietnam than Ecuador were China ($53.8B), United States ($49.5B), and Japan ($20.3B).

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

Comparative Advantage Vietnam - Ecuador

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Depth

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

During 2018, Vietnam had a large net trade with Ecuador in the exports of Machines ($113M), Footwear and Headwear ($36.8M), and Textiles ($21.6M).

During 2018, Ecuador had a large net trade with Vietnam in the exports of Animal Products ($1.21B), Wood Products ($1.3M), and Foodstuffs ($1.29M).

Tariff Section

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

In 2018, the products from Vietnam that paid the highest import tariffs to enter Ecuador were Cigarettes containing tobacco (135%) and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Vietnam 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 Vietnam and Ecuador are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Trade Forecasts

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This section shows a forecast for total trade between Vietnam 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

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