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2023
Flag → Flag
Exports $110MRnk 34 / 174
2023
Flag → Flag
Top Product $27.3MRaw Lead
2023
Flag → Flag
Exports $1.24BRnk 47 / 221
2023
Flag → Flag
Top Product $167MCars
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Ecuador-Brazil Trade: In 2023, Ecuador exported $110M to Brazil. The main products that Ecuador exported to Brazil were Raw Lead ($27.3M), Processed Fish ($10.3M), and Confectionery Sugar ($7.29M). Over the past 5 years the exports of Ecuador to Brazil have decreased at an annualized rate of 1.38%, from $118M in 2018 to $110M in 2023.

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

Brazil-Ecuador Trade: In 2023, Brazil exported $1.24B to Ecuador. The main products that Brazil exported to Ecuador were Cars ($167M), Wheat ($71.9M), and Delivery Trucks ($43.9M). Over the past 5 years the exports of Brazil to Ecuador have increased at an annualized rate of 5.02%,  from $971M in 2018 to $1.24B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $9.89M and imported $105M from Brazil, resulting in a negative trade balance of $95M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-3.13M (-24%) from $13M to $9.89M, while imports increased by $42.3M (67.6%) from $62.6M to $105M.

Trade In December 2021, the top exports of Ecuador to Brazil were Raw Lead ($2.62M), Scrap Copper ($2.16M), Processed Fish ($1.41M), Other Wood Articles ($1.14M), and Sanitary towels (pads) ($821k). In December 2021 the top imports of Ecuador from Brazil were Ethylene Polymers ($2.53M), Animal Food ($2.24M), Packaged Medicaments ($1.87M), Cellulose Fibers Paper ($1.71M), and Propylene Polymers ($1.54M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($9.64M), Quito ($225k), and Guayaquil-Aéreo ($20.6k), while imports destinations were mainly Guayaquil-Marítimo ($66.1M), Quito ($19.6M), Manta ($11.8M), Esmeraldas ($3.63M), and Huaquillas ($1.77M).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Raw Lead ($-845k or -24.4%), Oscilloscopes ($-245k or -99.2%), and Polyacetals ($-214k or -61.2%). In December 2021, the increase in Ecuador's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Animal Food ($1.4M or 166%), Machinery Having Individual Functions ($958k or 278%), and Ethylene Polymers ($712k or 39.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-3.13M(-24%)
IMPORT GROWTH (December 2020 - December 2021)$42.3M(67.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$9.64M

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 Brazil and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $110M to Brazil. The main products exported from Ecuador to Brazil were Raw Lead ($27.3M), Processed Fish ($10.3M), and Confectionery Sugar ($7.29M). During the last 5 years the exports of Ecuador to Brazil have decreased at an annualized rate of 1.38%, from $118M in 2018 to $110M in 2023.

In 2018, Brazil exported $1.24B to Ecuador. The main products exported from Brazil to Ecuador were Cars ($167M), Wheat ($71.9M), and Delivery Trucks ($43.9M). During the last 5 years the exports of Brazil to Ecuador have increased at an annualized rate of 5.02%, from $971M in 2023 to $1.24B in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Ecuador than Brazil included Panama ($4.38B), Kyrgyzstan ($25.9M), and Moldova ($30.9M).

In 2023, countries that imported more from Brazil than Ecuador included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Ecuador - Brazil

Flow
Scale

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

During 2023, Ecuador had a large net trade with Brazil in the exports of Metals ($38.7M), Foodstuffs ($28.9M), and Plastics and Rubbers ($11.2M).

During 2018, Brazil had a large net trade with Ecuador in the exports of Transportation ($253M), Machines ($184M), and Chemical Products ($136M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Brazil+$2.47MPackaged Medicaments
Top Product Potential Brazil Ecuador+$8.24MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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