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2023
Flag → Flag
Exports $76.3MRnk 43 / 174
2023
Flag → Flag
Top Product $47.1MPrecious Metal Ore
2023
Flag → Flag
Exports $9.46MRnk 93 / 200
2023
Flag → Flag
Top Product $1.09MGlass Bottles
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 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$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Ecuador-Bulgaria Trade: In 2023, Ecuador exported $76.3M to Bulgaria. The main products that Ecuador exported to Bulgaria were Precious Metal Ore ($47.1M), Bananas ($26.2M), and Cut Flowers ($1.78M). Over the past 5 years the exports of Ecuador to Bulgaria have increased at an annualized rate of 24.7%, from $25.3M in 2018 to $76.3M in 2023.

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

Bulgaria-Ecuador Trade: In 2023, Bulgaria exported $9.46M to Ecuador. The main products that Bulgaria exported to Ecuador were Glass Bottles ($1.09M), Medical Instruments ($987k), and Pesticides ($899k). Over the past 5 years the exports of Bulgaria to Ecuador have increased at an annualized rate of 6.04%,  from $6.28M in 2018 to $9.46M in 2023.

In 2023, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $12.5M and imported $812k from Bulgaria, resulting in a positive trade balance of $11.6M. Between December 2020 and December 2021 the exports of Ecuador have increased by $5.76M (86%) from $6.7M to $12.5M, while imports increased by $289k (55.2%) from $523k to $812k.

Trade In December 2021, the top exports of Ecuador to Bulgaria were Precious Metal Ore ($3.68M), Bananas ($1.38M), Cut Flowers ($1.06M), Crustaceans ($97.9k), and Jams ($20.3k). In December 2021 the top imports of Ecuador from Bulgaria were Chemical Analysis Instruments ($61.2k), Thermostats ($57.6k), Enzymes ($56.7k), Pesticides ($56.1k), and Electric Motors ($50.3k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($10.2M), Puerto Bolívar ($1.28M), Quito ($905k), and Manta ($30k), while imports destinations were mainly Guayaquil-Marítimo ($548k), Guayaquil-Aéreo ($221k), Quito ($40.2k), and Cuenca ($3.02k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Cut Flowers ($888k or 511%). In December 2021, the increase in Ecuador's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Chemical Analysis Instruments ($60.2k or 5.83k%), Animal Food ($21.1k or 127%), and Motor vehicles; parts and accessories (8701... ($7.42k or 9.52k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$5.76M(86%)
IMPORT GROWTH (December 2020 - December 2021)$289k(55.2%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$10.2M

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 Bulgaria and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $76.3M to Bulgaria. The main products exported from Ecuador to Bulgaria were Precious Metal Ore ($47.1M), Bananas ($26.2M), and Cut Flowers ($1.78M). During the last 5 years the exports of Ecuador to Bulgaria have increased at an annualized rate of 24.7%, from $25.3M in 2018 to $76.3M in 2023.

In 2018, Bulgaria exported $9.46M to Ecuador. The main products exported from Bulgaria to Ecuador were Glass Bottles ($1.09M), Medical Instruments ($987k), and Pesticides ($899k). During the last 5 years the exports of Bulgaria to Ecuador have increased at an annualized rate of 6.04%, from $6.28M in 2023 to $9.46M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Bulgaria
Top DestinationGermany$6.84B

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

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

In 2023, countries that imported more from Bulgaria than Ecuador included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

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

Comparative Advantage Ecuador - Bulgaria

Flow
Scale

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

During 2023, Ecuador had a large net trade with Bulgaria in the exports of Mineral Products ($47.1M), Vegetable Products ($28M), and Foodstuffs ($735k).

During 2018, Bulgaria had a large net trade with Ecuador in the exports of Instruments ($2.54M), Chemical Products ($2.29M), and Machines ($1.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Bulgaria+$913kCrustaceans
Top Product Potential Bulgaria Ecuador+$1.15MPackaged Medicaments

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

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

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