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Pricing

2022
Flag → Flag
Exports $6.93MRnk 88 / 170
2022
Flag → Flag
Top Product $3.6MSoap
2022
Flag → Flag
Exports $288kRnk 68 / 123
2022
Flag → Flag
Top Product $210kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Ecuador-Cuba Trade: In 2022, Ecuador exported $6.93M to Cuba. The main products that Ecuador exported to Cuba were Soap ($3.6M), Other Vegetable Oils ($874k), and Raw Plastic Sheeting ($723k). Over the past 5 years the exports of Ecuador to Cuba have decreased at an annualized rate of 16%, from $16.5M in 2017 to $6.93M in 2022.

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

Cuba-Ecuador Trade: In 2022, Cuba exported $288k to Ecuador. The main products that Cuba exported to Ecuador were Hard Liquor ($210k), Vaccines, blood, antisera, toxins and cultures ($49.7k), and Packaged Medicaments ($27.5k). Over the past 5 years the exports of Cuba to Ecuador have decreased at an annualized rate of 39.6%,  from $3.59M in 2017 to $288k in 2022.

In 2022, Cuba 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, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $600k and imported $22k from Cuba, resulting in a positive trade balance of $578k. Between December 2020 and December 2021 the exports of Ecuador have increased by $89.8k (17.6%) from $510k to $600k, while imports increased by $21.7k (7.25k%) from $300 to $22k.

Trade In December 2021, the top exports of Ecuador to Cuba were Soap ($212k), Plastic Lids ($83.4k), Other Vegetable Oils ($65.4k), Cut Flowers ($48k), and Raw Plastic Sheeting ($44.3k). In December 2021 the top imports of Ecuador from Cuba were .

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($600k), while imports destinations were mainly Quito ($21.8k), Guayaquil-Marítimo ($135), and Guayaquil-Aéreo ($122).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Cuba was explained primarily by an increase in product exports in Soap ($174k or 452%). In December 2021, the increase in Ecuador's year-by-year imports  from Cuba was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$89.8k(17.6%)
IMPORT GROWTH (December 2020 - December 2021)$21.7k(7.25k%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$600k

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 Cuba 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 2022, Ecuador exported $6.93M to Cuba. The main products exported from Ecuador to Cuba were Soap ($3.6M), Other Vegetable Oils ($874k), and Raw Plastic Sheeting ($723k). During the last 5 years the exports of Ecuador to Cuba have decreased at an annualized rate of 16%, from $16.5M in 2017 to $6.93M in 2022.

In 2017, Cuba exported $288k to Ecuador. The main products exported from Cuba to Ecuador were Hard Liquor ($210k), Vaccines, blood, antisera, toxins and cultures ($49.7k), and Packaged Medicaments ($27.5k). During the last 5 years the exports of Cuba to Ecuador have decreased at an annualized rate of 39.6%, from $3.59M in 2022 to $288k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from Ecuador than Cuba included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Cuba than Ecuador included Cyprus ($31.2M), Macau ($28.9M), and Luxembourg ($5.62M).

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

Comparative Advantage Ecuador - Cuba

Flow
Scale

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

During 2022, Ecuador had a large net trade with Cuba in the exports of Chemical Products ($3.74M), Animal and Vegetable Bi-Products ($1M), and Plastics and Rubbers ($979k).

During 2017, Cuba had a large net trade with Ecuador in the exports of Foodstuffs ($210k), Chemical Products ($77.2k), and Animal Products ($275).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Cuba. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Cuba. Similarly, a dot/product with the flag of Cuba indicates it has a comparative advantage over Ecuador.

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

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