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2023
Flag → Flag
Exports $41.8MRnk 56 / 174
2023
Flag → Flag
Top Product $4.26MGelatin
2023
Flag → Flag
Exports $208MRnk 14 / 136
2023
Flag → Flag
Top Product $112MSoybean Oil
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 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$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Ecuador-Bolivia Trade: In 2023, Ecuador exported $41.8M to Bolivia. The main products that Ecuador exported to Bolivia were Gelatin ($4.26M), Iron Blocks ($3.67M), and Other Vegetable Oils ($2.9M). Over the past 5 years the exports of Ecuador to Bolivia have decreased at an annualized rate of 2.48%, from $47.5M in 2018 to $41.8M in 2023.

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

Bolivia-Ecuador Trade: In 2023, Bolivia exported $208M to Ecuador. The main products that Bolivia exported to Ecuador were Soybean Oil ($112M), Seed Oils ($39.9M), and Soybean Meal ($32.7M). Over the past 5 years the exports of Bolivia to Ecuador have decreased at an annualized rate of 2.56%,  from $237M in 2018 to $208M in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $2.83M and imported $35M from Bolivia, resulting in a negative trade balance of $32.2M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-151k (-5.07%) from $2.99M to $2.83M, while imports increased by $13.2M (60.8%) from $21.8M to $35M.

Trade In December 2021, the top exports of Ecuador to Bolivia were Iron Blocks ($505k), Gelatin ($297k), Particle Board ($288k), Rubber Tires ($277k), and Iron Stovetops ($245k). In December 2021 the top imports of Ecuador from Bolivia were Soybean Oil ($14.7M), Seed Oils ($7.05M), Soybean Meal ($5.1M), Detonating Fuses ($730k), and Other Prepared Meat ($299k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($2.79M), Quito ($31.9k), and Guayaquil-Aéreo ($12.5k), while imports destinations were mainly Guayaquil-Marítimo ($18.5M), Manta ($12.7M), Esmeraldas ($3.8M), and Quito ($10.3k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Sanitary towels (pads) ($-348k or -62%), Gelatin ($-209k or -41.2%), and Other Small Iron Pipes ($-99.8k or -39.2%). In December 2021, the increase in Ecuador's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Soybean Oil ($11.1M or 309%), Seed Oils ($5.98M or 557%), and Detonating Fuses ($294k or 67.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-151k(-5.07%)
IMPORT GROWTH (December 2020 - December 2021)$13.2M(60.8%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$2.79M

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 Bolivia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $41.8M to Bolivia. The main products exported from Ecuador to Bolivia were Gelatin ($4.26M), Iron Blocks ($3.67M), and Other Vegetable Oils ($2.9M). During the last 5 years the exports of Ecuador to Bolivia have decreased at an annualized rate of 2.48%, from $47.5M in 2018 to $41.8M in 2023.

In 2018, Bolivia exported $208M to Ecuador. The main products exported from Bolivia to Ecuador were Soybean Oil ($112M), Seed Oils ($39.9M), and Soybean Meal ($32.7M). During the last 5 years the exports of Bolivia to Ecuador have decreased at an annualized rate of 2.56%, from $237M in 2023 to $208M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Bolivia
Top DestinationBrazil$1.54B

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

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

In 2023, countries that imported more from Bolivia than Ecuador included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

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

Comparative Advantage Ecuador - Bolivia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Bolivia in the exports of Chemical Products ($10.1M), Metals ($8.12M), and Animal and Vegetable Bi-Products ($4.08M).

During 2018, Bolivia had a large net trade with Ecuador in the exports of Animal and Vegetable Bi-Products ($152M), Foodstuffs ($40.7M), and Chemical Products ($4.65M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Bolivia+$979kRefined Petroleum
Top Product Potential Bolivia Ecuador+$4.65MSoybean Meal

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

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

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