Ecuador (ECU) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Ecuador (ECU) and Micronesia (FSM) Trade

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Exports $3.47MRnk 4 / 52

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Top Product $3.41MNon-fillet Frozen Fish

2022

Economic Complexity (ECI) ECI -0.96Rnk 109 / 133

2022

GDP$115BCURRENT US$
Rnk 62 / 186

2012-2022

GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186

2022

GDP$427MCURRENT US$
Rnk 182 / 186

2012-2022

GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186

2022

GDP PC $6,391CURRENT US$
Rnk 101 / 186

2012-2022

GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

2022

GDP PC$3,741CURRENT US$
Rnk 126 / 186

2012-2022

GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

Image 1

Image by davidacostasilva
Link: https://flic.kr/p/YB54b

Image 2

Image by Department of Foreign Affairs and Trade
Link: https://flic.kr/p/jW3ux2

Latest Trends
Historical Data
Economic Complexity

About

In N/A, Ecuador did not export any services to Micronesia.

Micronesia-Ecuador Trade: In N/A, Micronesia exported $3.47M to Ecuador. The main products that Micronesia exported to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). Over the past N/A years the exports of Micronesia to Ecuador have increased at an annualized rate of 845%, from $46 in N/A to $3.47M in N/A.

In N/A, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Micronesia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Micronesia were . In N/A the top imports of Ecuador from Micronesia were .

Origins In N/A the exports of Ecuador were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports from Micronesia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

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 Micronesia 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Ecuador does not register exports to Micronesia.

In 2017, Micronesia exported $3.47M to Ecuador. The main products exported from Micronesia to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). During the last 5 years the exports of Micronesia to Ecuador have increased at an annualized rate of 845%, from $46 in 2022 to $3.47M in 2017.

Exports from Ecuador () to Micronesia () (2022)

Exports from Micronesia () to Ecuador () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ecuador
Top DestinationUnited States$9.86B

Micronesia
Top DestinationThailand$143M

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

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

In 2022, countries that imported more from Micronesia than Ecuador included Thailand ($143M), Philippines ($22.7M), and Fiji ($1.5M).

Difference in imports from Micronesia () and Ecuador () (2022)

Comparative Advantage Ecuador - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Micronesia had a large net trade with Ecuador in the exports of Animal Products ($3.47M).

Economic Complexity

Competitive Landscape

Year

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

Product Space of Ecuador () and Micronesia () (2022)

Keep Exploring

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Fiji
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Guam
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Micronesia
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Micronesia

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