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2022
Flag → Flag
Exports $1.07BRnk 5 / 170
2022
Flag → Flag
Top Product $168MProcessed Fish
2022
Flag → Flag
Exports $1.89BRnk 8 / 187
2022
Flag → Flag
Top Product $108MCars
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Ecuador-Colombia Trade: In 2022, Ecuador exported $1.07B to Colombia. The main products that Ecuador exported to Colombia were Processed Fish ($168M), Particle Board ($140M), and Palm Oil ($92.9M). Over the past 5 years the exports of Ecuador to Colombia have increased at an annualized rate of 6.34%, from $783M in 2017 to $1.07B in 2022.

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

Colombia-Ecuador Trade: In 2022, Colombia exported $1.89B to Ecuador. The main products that Colombia exported to Ecuador were Cars ($108M), Packaged Medicaments ($106M), and Delivery Trucks ($87.3M). Over the past 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 4.97%,  from $1.48B in 2017 to $1.89B in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $79.5M and imported $159M from Colombia, resulting in a negative trade balance of $79.2M. Between December 2020 and December 2021 the exports of Ecuador have increased by $13.4M (20.3%) from $66.1M to $79.5M, while imports increased by $19M (13.6%) from $140M to $159M.

Trade In December 2021, the top exports of Ecuador to Colombia were Processed Fish ($11.5M), Particle Board ($5.71M), Palm Oil ($4.34M), Crustaceans ($3.16M), and Other Small Iron Pipes ($1.75M). In December 2021 the top imports of Ecuador from Colombia were Packaged Medicaments ($8.57M), Delivery Trucks ($7.96M), Pesticides ($4.69M), Cars ($4.29M), and Insulated Wire ($2.55M).

Origins In December 2021 the exports of Ecuador were mainly from Tulcán ($64.5M), Guayaquil-Marítimo ($14.1M), Quito ($873k), and Guayaquil-Aéreo ($57.3k), while imports destinations were mainly Tulcán ($102M), Guayaquil-Marítimo ($43.4M), Quito ($11.1M), Guayaquil-Aéreo ($1.61M), and Puerto Bolívar ($147k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Colombia was explained primarily by an increase in product exports in Processed Fish ($1.36M or 13.4%), Aircraft Parts ($1.07M or 805%), and Other Uncoated Paper ($893k or 607%). In December 2021, the increase in Ecuador's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Blank Audio Media ($1.34M or 211%), Propylene Polymers ($990k or 88.5%), and Insulated Wire ($955k or 59.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$13.4M(20.3%)
IMPORT GROWTH (December 2020 - December 2021)$19M(13.6%)
MAIN EXPORTER (December 2021)Tulcán$64.5M

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 Colombia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $1.07B to Colombia. The main products exported from Ecuador to Colombia were Processed Fish ($168M), Particle Board ($140M), and Palm Oil ($92.9M). During the last 5 years the exports of Ecuador to Colombia have increased at an annualized rate of 6.34%, from $783M in 2017 to $1.07B in 2022.

In 2017, Colombia exported $1.89B to Ecuador. The main products exported from Colombia to Ecuador were Cars ($108M), Packaged Medicaments ($106M), and Delivery Trucks ($87.3M). During the last 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 4.97%, from $1.48B in 2022 to $1.89B in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Ecuador than Colombia included China ($6.17B), Russia ($994M), and Switzerland ($405M).

In 2022, countries that imported more from Colombia than Ecuador included United States ($15.6B), Netherlands ($3.67B), and Brazil ($2.39B).

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

Comparative Advantage Ecuador - Colombia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Colombia in the exports of Foodstuffs ($236M), Wood Products ($142M), and Animal and Vegetable Bi-Products ($116M).

During 2017, Colombia had a large net trade with Ecuador in the exports of Chemical Products ($441M), Transportation ($256M), and Foodstuffs ($197M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Colombia+$20.2MCrustaceans
Top Product Potential Colombia Ecuador+$36.7MRefined 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 Colombia. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Ecuador.

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

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