2022
Flag  
GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
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 GDP
$291BCURRENT US$
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2012-2022
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GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 186
2022
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GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
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2022
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GDP PC
$27,638CURRENT US$
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2012-2022
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GDP PC GROWTH
39.1%CURRENT US$
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About

Ecuador-Czechia Trade: In 2022, Ecuador exported $42.7M to Czechia. The main products that Ecuador exported to Czechia were Bananas ($24.2M), Cut Flowers ($8.44M), and Processed Fish ($5.91M). Over the past 5 years the exports of Ecuador to Czechia have increased at an annualized rate of 23%, from $15.1M in 2017 to $42.7M in 2022.

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

Czechia-Ecuador Trade: In 2022, Czechia exported $68M to Ecuador. The main products that Czechia exported to Ecuador were Cars ($41.9M), Polyamide Fabric ($2.05M), and Industrial Printers ($1.89M). Over the past 5 years the exports of Czechia to Ecuador have increased at an annualized rate of 25.4%,  from $22M in 2017 to $68M in 2022.

In 2022, Czechia 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $42.7M to Czechia. The main products exported from Ecuador to Czechia were Bananas ($24.2M), Cut Flowers ($8.44M), and Processed Fish ($5.91M). During the last 5 years the exports of Ecuador to Czechia have increased at an annualized rate of 23%, from $15.1M in 2017 to $42.7M in 2022.

In 2017, Czechia exported $68M to Ecuador. The main products exported from Czechia to Ecuador were Cars ($41.9M), Polyamide Fabric ($2.05M), and Industrial Printers ($1.89M). During the last 5 years the exports of Czechia to Ecuador have increased at an annualized rate of 25.4%, from $22M in 2022 to $68M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Czechia
Top Destination
Germany$75.3B

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

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

In 2022, countries that imported more from Czechia than Ecuador included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

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

Comparative Advantage Ecuador - Czechia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Czechia in the exports of Vegetable Products ($33.2M), Foodstuffs ($8.03M), and Animal Products ($972k).

During 2017, Czechia had a large net trade with Ecuador in the exports of Transportation ($42.6M), Machines ($11.8M), and Plastics and Rubbers ($3.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Czechia+$2.37MProcessed Fish
Top Product Potential Czechia Ecuador+$18.5MCars

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

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

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