2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH
22.7%CURRENT US$
Rnk 114 / 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
$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH
-5.65%CURRENT US$
Rnk 156 / 186

About

Ecuador-Gabon Trade: In 2022, Ecuador exported $33.1k to Gabon. The main products that Ecuador exported to Gabon were Excavation Machinery ($33.1k). Over the past 5 years the exports of Ecuador to Gabon have decreased at an annualized rate of 30.5%, from $205k in 2017 to $33.1k in 2022.

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

Gabon-Ecuador Trade: In 2022, Gabon exported $1.26k to Ecuador. The main products that Gabon exported to Ecuador were Brooms ($1.23k) and Transmissions ($35). Over the past 5 years the exports of Gabon to Ecuador have decreased at an annualized rate of 41.3%,  from $18.1k in 2017 to $1.26k in 2022.

In 2022, Gabon 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, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $33.1k to Gabon. The main products exported from Ecuador to Gabon were Excavation Machinery ($33.1k). During the last 5 years the exports of Ecuador to Gabon have decreased at an annualized rate of 30.5%, from $205k in 2017 to $33.1k in 2022.

In 2017, Gabon exported $1.26k to Ecuador. The main products exported from Gabon to Ecuador were Brooms ($1.23k) and Transmissions ($35). During the last 5 years the exports of Gabon to Ecuador have decreased at an annualized rate of 41.3%, from $18.1k in 2022 to $1.26k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Gabon
Top Destination
China$3.4B

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

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

In 2022, countries that imported more from Gabon than Ecuador included South Korea ($617M), Indonesia ($394M), and Norway ($168M).

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

Comparative Advantage Ecuador - Gabon

Flow
Scale

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

During 2022, Ecuador had a large net trade with Gabon in the exports of Machines ($33.1k).

During 2017, Gabon had a large net trade with Ecuador in the exports of Miscellaneous ($1.23k) and Machines ($35).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Gabon+$2.12kRefined Petroleum
Top Product Potential Gabon Ecuador+$3.34kRefined 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 Gabon. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Gabon. Similarly, a dot/product with the flag of Gabon indicates it has a comparative advantage over Ecuador.

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

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