2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Ecuador-Estonia Trade: In 2022, Ecuador exported $11.8M to Estonia. The main products that Ecuador exported to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). Over the past 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2017 to $11.8M in 2022.

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

Estonia-Ecuador Trade: In 2022, Estonia exported $32.1M to Ecuador. The main products that Estonia exported to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). Over the past 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%,  from $3.43M in 2017 to $32.1M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $11.8M to Estonia. The main products exported from Ecuador to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). During the last 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2017 to $11.8M in 2022.

In 2017, Estonia exported $32.1M to Ecuador. The main products exported from Estonia to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). During the last 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%, from $3.43M in 2022 to $32.1M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Estonia
Top Destination
Finland$3B

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

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

In 2022, countries that imported more from Estonia than Ecuador included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Ecuador - Estonia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Estonia in the exports of Foodstuffs ($7.79M), Vegetable Products ($3.05M), and Animal Products ($712k).

During 2017, Estonia had a large net trade with Ecuador in the exports of Mineral Products ($26.9M), Chemical Products ($3.09M), and Foodstuffs ($1.57M).

Economic Complexity

Competitive Landscape

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

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

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