Overview In 2022, Ecuador was the number 62 economy in the world in terms of GDP (current US$), the number 68 in total exports, the number 70 in total imports, the number 101 economy in terms of GDP per capita (current US$) and the number 109 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Ecuador are Crude Petroleum ($11.1B), Crustaceans ($7.98B), Bananas ($3.68B), Refined Petroleum ($1.67B), and Processed Fish ($1.5B), exporting mostly to United States ($9.86B), China ($6.17B), Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

In 2022, Ecuador was the world's biggest exporter of Crustaceans ($7.98B) and Bananas ($3.68B)

Imports The top imports of Ecuador are Refined Petroleum ($4.81B), Coal Tar Oil ($1.77B), Cars ($1.26B), Petroleum Gas ($784M), and Soybean Meal ($680M), importing mostly from United States ($8.08B), China ($7.14B), Colombia ($1.89B), Peru ($1.28B), and Brazil ($1.18B).

Location Ecuador borders Colombia and Peru by land and Costa Rica by sea.

Latest Trends

December, 2021

Historical Data

Yearly Trade

Top Export (2022)Crude Petroleum$11.1B
Top Destination (2022)United States$9.86B

In 2022, Ecuador exported a total of $36B, making it the number 68 exporter in the world. During the last five reported years the exports of Ecuador have changed by $16.2B from $19.8B in 2017 to $36B in 2022.

The most recent exports are led by Crude Petroleum ($11.1B), Crustaceans ($7.98B), Bananas ($3.68B), Refined Petroleum ($1.67B), and Processed Fish ($1.5B). The most common destination for the exports of Ecuador are United States ($9.86B), China ($6.17B), Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Fastest Growing Export Markets (2021 - 2022)
United States$3.33B (+ 51.1%)
China$2.13B (+ 53%)
Panama$1.02B (+ 25.8%)
Fastest Growing Import Markets (2021 - 2022)
United States$2.82B (+ 53.6%)
China$1.2B (+ 20.2%)
Italy$474M (+ 112%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Ecuador Exports Services (2020)$1.66B
Ecuador Imports Services (2020)$2.52B

In 2020, Ecuador exported $1.66B worth of services. The top services exported by Ecuador in 2020 were Personal travel ($589M), Sea transport ($589M), Other government services ($117M), Business travel ($113M), and Financial services ($74.8M).

The top services imported by Ecuador in 2020 were Sea transport ($764M), Personal travel ($367M), Reinsurance ($357M), Air transport ($305M), and Financial services ($155M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity


Economic Complexity (Trade)-0.96Rank 109 of 133
Economic Complexity (Technology)-0.87Rank 71 of 96
Economic Complexity (Research)-0.42Rank 79 of 135

Most Specialized Products by RCA Index

Ecuador has a high level of specialization in Bananas (179), Crustaceans (156), Cocoa Beans (74.4), Cut Flowers (70.7), and Processed Fish (49.3). Specialization is measured using RCA, an index that takes the ratio between Ecuador observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Ecuador according to the relatedness index, were Coconut Oil (0.12), Coffee (0.12), Other Oily Seeds (0.11), Manganese Ore (0.11), and Other Ores (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Ecuador is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Ecuador. These are products that tend to be co-exported with the products that Ecuador exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking


During the last 20 years Ecuador's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨83rd to the 109th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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