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Pricing

2022
Flag → Flag
Exports $6.51MRnk 89 / 170
2022
Flag → Flag
Top Product $4.3MBananas
2022
Flag → Flag
Exports $13.3kRnk 119 / 141
2022
Flag → Flag
Top Product $12.6kSurveying Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Ecuador-Azerbaijan Trade: In 2022, Ecuador exported $6.51M to Azerbaijan. The main products that Ecuador exported to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). Over the past 5 years the exports of Ecuador to Azerbaijan have decreased at an annualized rate of 4.71%, from $8.28M in 2017 to $6.51M in 2022.

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

Azerbaijan-Ecuador Trade: In 2022, Azerbaijan exported $13.3k to Ecuador. The main products that Azerbaijan exported to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). Over the past 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.7%,  from $2.79k in 2017 to $13.3k in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

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 2022, Ecuador exported $6.51M to Azerbaijan. The main products exported from Ecuador to Azerbaijan were Bananas ($4.3M), Cut Flowers ($2.03M), and Plant foliage ($51.4k). During the last 5 years the exports of Ecuador to Azerbaijan have decreased at an annualized rate of 4.71%, from $8.28M in 2017 to $6.51M in 2022.

In 2017, Azerbaijan exported $13.3k to Ecuador. The main products exported from Azerbaijan to Ecuador were Surveying Equipment ($12.6k) and Gas and Liquid Flow Measuring Instruments ($715). During the last 5 years the exports of Azerbaijan to Ecuador have increased at an annualized rate of 36.7%, from $2.79k in 2022 to $13.3k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Azerbaijan
Top DestinationItaly$18.3B

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 2022, countries that imported more from Ecuador than Azerbaijan included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Azerbaijan than Ecuador included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

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 2022, Ecuador had a large net trade with Azerbaijan in the exports of Vegetable Products ($6.4M), Machines ($61.3k), and Animal Products ($34.1k).

During 2017, Azerbaijan had a large net trade with Ecuador in the exports of Instruments ($13.3k).

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) (2022)

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