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2022
Flag → Flag
Exports $6.17BRnk 2 / 170
2022
Flag → Flag
Top Product $4.3BCrustaceans
2022
Flag → Flag
Exports $7.14BRnk 63 / 211
2022
Flag → Flag
Top Product $393MCars
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
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GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Ecuador-China Trade: In 2022, Ecuador exported $6.17B to China. The main products that Ecuador exported to China were Crustaceans ($4.3B), Copper Ore ($1.22B), and Precious Metal Ore ($199M). Over the past 5 years the exports of Ecuador to China have increased at an annualized rate of 51.1%, from $783M in 2017 to $6.17B in 2022.

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

China-Ecuador Trade: In 2022, China exported $7.14B to Ecuador. The main products that China exported to Ecuador were Cars ($393M), Delivery Trucks ($278M), and Broadcasting Equipment ($251M). Over the past 5 years the exports of China to Ecuador have increased at an annualized rate of 14.9%,  from $3.56B in 2017 to $7.14B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $279M and imported $545M from China, resulting in a negative trade balance of $266M. Between December 2020 and December 2021 the exports of Ecuador have increased by $156M (127%) from $123M to $279M, while imports increased by $165M (43.3%) from $380M to $545M.

Trade In December 2021, the top exports of Ecuador to China were Crustaceans ($75M), Copper Ore ($56.4M), Bananas ($7.69M), Precious Metal Ore ($7.58M), and Sawn Wood ($5.85M). In December 2021 the top imports of Ecuador from China were Telephones ($24.4M), Coated Flat-Rolled Iron ($18.3M), Computers ($16.6M), Cars ($11.9M), and Delivery Trucks ($11.8M).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($279M), Quito ($135k), and Guayaquil-Aéreo ($15.4k), while imports destinations were mainly Guayaquil-Marítimo ($439M), Quito ($41.2M), Manta ($40.9M), Guayaquil-Aéreo ($16.8M), and Tulcán ($2.46M).

Growth In December 2021, the increase in Ecuador's year-by-year exports to China was explained primarily by an increase in product exports in Copper Ore ($10.4M or 22.6%), Animal Meal and Pellets ($2.51M or 236%), and Precious Metal Ore ($1.98M or 35.3%). In December 2021, the increase in Ecuador's year-by-year imports  from China was explained primarily by an increase in product imports  in Hot-Rolled Iron ($5.96M or 271%), Felt or Coated Fabric Garments ($4.75M or 9.53k%), and Coated Flat-Rolled Iron ($4.33M or 31%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$156M(127%)
IMPORT GROWTH (December 2020 - December 2021)$165M(43.3%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$279M

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 China and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $6.17B to China. The main products exported from Ecuador to China were Crustaceans ($4.3B), Copper Ore ($1.22B), and Precious Metal Ore ($199M). During the last 5 years the exports of Ecuador to China have increased at an annualized rate of 51.1%, from $783M in 2017 to $6.17B in 2022.

In 2017, China exported $7.14B to Ecuador. The main products exported from China to Ecuador were Cars ($393M), Delivery Trucks ($278M), and Broadcasting Equipment ($251M). During the last 5 years the exports of China to Ecuador have increased at an annualized rate of 14.9%, from $3.56B in 2022 to $7.14B in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from Ecuador than China included Guam ($348k), Saint Martin ($39.8k), and Bonaire ($10.9k).

In 2022, countries that imported more from China than Ecuador included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Ecuador - China

Flow
Scale

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

During 2022, Ecuador had a large net trade with China in the exports of Animal Products ($4.31B), Mineral Products ($1.52B), and Vegetable Products ($106M).

During 2017, China had a large net trade with Ecuador in the exports of Machines ($2.11B), Transportation ($1.11B), and Metals ($1.03B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador China+$983MCrude Petroleum
Top Product Potential China Ecuador+$99.6MRefined Petroleum

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

Product Space of Ecuador (Flag) and China (Flag) (2022)

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