NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $73.4MRnk 44 / 174
2023
Flag → Flag
Top Product $65.4MBananas
2023
Flag → Flag
Exports $84.1MRnk 78 / 213
2023
Flag → Flag
Top Product $13.4MCellulose Fibers Paper
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

Ecuador-Austria Trade: In 2023, Ecuador exported $73.4M to Austria. The main products that Ecuador exported to Austria were Bananas ($65.4M), Processed Fish ($3.48M), and Cut Flowers ($1.21M). Over the past 5 years the exports of Ecuador to Austria have increased at an annualized rate of 6.52%, from $53.5M in 2018 to $73.4M in 2023.

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

Austria-Ecuador Trade: In 2023, Austria exported $84.1M to Ecuador. The main products that Austria exported to Ecuador were Cellulose Fibers Paper ($13.4M), Rubberworking Machinery ($12M), and Packaged Medicaments ($9.83M). Over the past 5 years the exports of Austria to Ecuador have increased at an annualized rate of 1.48%,  from $78.1M in 2018 to $84.1M in 2023.

In 2023, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $66.8k and imported $4.18M from Austria, resulting in a negative trade balance of $4.11M. Between December 2020 and December 2021 the exports of Ecuador have increased by $57k (586%) from $9.73k to $66.8k, while imports increased by $771k (22.6%) from $3.4M to $4.18M.

Trade In December 2021, the top exports of Ecuador to Austria were Cut Flowers ($54.5k). In December 2021 the top imports of Ecuador from Austria were Packaged Medicaments ($454k), Cellulose Fibers Paper ($321k), Motorcycles and cycles ($221k), Medical Instruments ($202k), and Other Furniture ($165k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($66.8k), while imports destinations were mainly Guayaquil-Marítimo ($2.88M), Quito ($1.06M), Guayaquil-Aéreo ($233k), and Tulcán ($445).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Austria was explained primarily by an increase in product exports in Cut Flowers ($8.34k or 18.1%). In December 2021, the increase in Ecuador's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Other Furniture ($161k or 3.65k%), Metal Mountings ($58k or 249%), and Commodities not elsewhere specified ($57.2k or 655k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$57k(586%)
IMPORT GROWTH (December 2020 - December 2021)$771k(22.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$66.8k

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Austria and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Ecuador Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $73.4M to Austria. The main products exported from Ecuador to Austria were Bananas ($65.4M), Processed Fish ($3.48M), and Cut Flowers ($1.21M). During the last 5 years the exports of Ecuador to Austria have increased at an annualized rate of 6.52%, from $53.5M in 2018 to $73.4M in 2023.

In 2018, Austria exported $84.1M to Ecuador. The main products exported from Austria to Ecuador were Cellulose Fibers Paper ($13.4M), Rubberworking Machinery ($12M), and Packaged Medicaments ($9.83M). During the last 5 years the exports of Austria to Ecuador have increased at an annualized rate of 1.48%, from $78.1M in 2023 to $84.1M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Ecuador than Austria included Panama ($4.38B), China ($7.96B), and Peru ($1.15B).

In 2023, countries that imported more from Austria than Ecuador included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

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

Comparative Advantage Ecuador - Austria

Flow
Scale

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

During 2023, Ecuador had a large net trade with Austria in the exports of N/A.

During 2018, Austria had a large net trade with Ecuador in the exports of Machines ($28.5M), Chemical Products ($19.8M), and Paper Goods ($14.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Austria+$531kProcessed Fish
Top Product Potential Austria Ecuador+$4.42MVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms