2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Ecuador-Argentina Trade: In 2023, Ecuador exported $328M to Argentina. The main products that Ecuador exported to Argentina were Bananas ($185M), Processed Fish ($85.4M), and Cocoa Paste ($8.3M). Over the past 5 years the exports of Ecuador to Argentina have increased at an annualized rate of 1.01%, from $312M in 2018 to $328M in 2023.

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

Argentina-Ecuador Trade: In 2023, Argentina exported $528M to Ecuador. The main products that Argentina exported to Ecuador were Soybean Meal ($186M), Packaged Medicaments ($66.9M), and Delivery Trucks ($57.4M). Over the past 5 years the exports of Argentina to Ecuador have increased at an annualized rate of 4.91%,  from $416M in 2018 to $528M in 2023.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $328M to Argentina. The main products exported from Ecuador to Argentina were Bananas ($185M), Processed Fish ($85.4M), and Cocoa Paste ($8.3M). During the last 5 years the exports of Ecuador to Argentina have increased at an annualized rate of 1.01%, from $312M in 2018 to $328M in 2023.

In 2018, Argentina exported $528M to Ecuador. The main products exported from Argentina to Ecuador were Soybean Meal ($186M), Packaged Medicaments ($66.9M), and Delivery Trucks ($57.4M). During the last 5 years the exports of Argentina to Ecuador have increased at an annualized rate of 4.91%, from $416M in 2023 to $528M in 2018.

Exports from Ecuador (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Argentina
Top Destination
Brazil$12.1B

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

In 2023, countries that imported more from Ecuador than Argentina included Panama ($4.38B), China ($7.96B), and United States ($8.34B).

In 2023, countries that imported more from Argentina than Ecuador included Brazil ($12.1B), Chile ($5.57B), and Vietnam ($2.07B).

Difference in imports from Argentina (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Argentina

Flow
Scale

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

During 2023, Ecuador had a large net trade with Argentina in the exports of Vegetable Products ($191M), Foodstuffs ($114M), and Animal and Vegetable Bi-Products ($10.5M).

During 2018, Argentina had a large net trade with Ecuador in the exports of Foodstuffs ($216M), Chemical Products ($107M), and Transportation ($69.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Argentina+$6.97kRefined Petroleum
Top Product Potential Argentina Ecuador+$6.23kRefined 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 Ecuador and Argentina. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Argentina (Flag) (2023)

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