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Pricing

2023
Flag → Flag
Exports $40MRnk 58 / 174
2023
Flag → Flag
Top Product $36.6MBananas
2023
Flag → Flag
Exports $13.4kRnk 35 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Ecuador-Azerbaijan Trade: In 2023, Ecuador exported $40M to Azerbaijan. The main products that Ecuador exported to Azerbaijan were Bananas ($36.6M), Cut Flowers ($3.36M), and Plant foliage ($40.7k). Over the past 5 years the exports of Ecuador to Azerbaijan have increased at an annualized rate of 22.7%, from $14.4M in 2018 to $40M in 2023.

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

Azerbaijan-Ecuador Trade: In 2023, Azerbaijan exported $13.4k to Ecuador. The main products that Azerbaijan exported to Ecuador were N/A. Over the past 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.8%,  from $2.79k in 2018 to $13.4k in 2023.

In 2023, Azerbaijan 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, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Azerbaijan, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Azerbaijan were Cut Flowers ($9.31M) and Bananas ($299k). In N/A the top imports of Ecuador from Azerbaijan were .

Origins In N/A the exports of Ecuador were mainly from Guayaquil-Marítimo ($175k), Puerto Bolívar ($35.9k), and Quito ($5.68k), while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)Guayaquil-Marítimo$175k

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 Azerbaijan and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $40M to Azerbaijan. The main products exported from Ecuador to Azerbaijan were Bananas ($36.6M), Cut Flowers ($3.36M), and Plant foliage ($40.7k). During the last 5 years the exports of Ecuador to Azerbaijan have increased at an annualized rate of 22.7%, from $14.4M in 2018 to $40M in 2023.

In 2017, Azerbaijan exported $13.4k to Ecuador. There were not main exports from Azerbaijan to Ecuador in 2017. During the last 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.8%, from $2.79k in 2022 to $13.4k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Azerbaijan
Top DestinationItaly$11.4B

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

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

In 2023, countries that imported more from Azerbaijan than Ecuador included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Ecuador - Azerbaijan

Flow
Scale

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

During 2023, Ecuador had a large net trade with Azerbaijan in the exports of Vegetable Products ($40M), Metals ($1.08k), and Machines ($821).

During 2017, Azerbaijan had a large net trade with Ecuador in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Azerbaijan+$105kCrustaceans
Top Product Potential Azerbaijan Ecuador+$14kSurveying Equipment

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 Azerbaijan. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Ecuador.

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

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