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Pricing

2022
Flag → Flag
Exports $219kRnk 80 / 129
2022
Flag → Flag
Top Product $215kMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $7.37MRnk 87 / 170
2022
Flag → Flag
Top Product $3.88MCut Flowers
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
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GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
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GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Armenia-Ecuador In 2022, Armenia exported $219k to Ecuador. The main products that Armenia exported to Ecuador are Mixed Mineral or Chemical Fertilizers ($215k), Non-Knit Men's Suits ($1.95k), and Non-Knit Men's Coats ($1.46k). During the last 26 years the exports of Armenia to Ecuador have decreased at an annualized rate of 0.39%, from $243k in 1996 to $219k in 2022.

In 2022, Armenia did not export any services to Ecuador.

Ecuador-Armenia In 2022, Ecuador exported $7.37M to Armenia. The main products that Ecuador exported to Armenia were Cut Flowers ($3.88M), Bananas ($2.12M), and Crustaceans ($937k). During the last 26 years the exports of Ecuador to Armenia have increased at an annualized rate of 24%, from $27.6k in 1996 to $7.37M in 2022.

In 2022, Ecuador did not export any services to Armenia.

Comparison In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $219k to Ecuador. The main products exported from Armenia to Ecuador were Mixed Mineral or Chemical Fertilizers ($215k), Non-Knit Men's Suits ($1.95k), and Non-Knit Men's Coats ($1.46k). During the last 26 years the exports of Armenia to Ecuador have decreased at an annualized rate of 0.39%, from $243k in 1996 to $219k in 2022.

In 2022, Ecuador exported $7.37M to Armenia. The main products exported from Ecuador to Armenia were Cut Flowers ($3.88M), Bananas ($2.12M), and Crustaceans ($937k). During the last 26 years the exports of Ecuador to Armenia have increased at an annualized rate of 24%, from $27.6k in 1996 to $7.37M in 2022.

Exports from Armenia (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Ecuador
Top DestinationUnited States$9.86B

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

In 2021, countries that imported more from Armenia than Ecuador were Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2021, countries that imported more from Ecuador than Armenia were United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Ecuador

Flow
Scale

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

During 2022, Armenia had a large net trade with Ecuador in the exports of Chemical Products ($215k) and Textiles ($4.72k).

During 2022, Ecuador had a large net trade with Armenia in the exports of Vegetable Products ($6.01M), Animal Products ($937k), and Foodstuffs ($235k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Ecuador (Flag) (2022)

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