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Pricing

2022
Flag → Flag
Exports $41.7MRnk 52 / 170
2022
Flag → Flag
Top Product $36.4MBananas
2022
Flag → Flag
Exports $325kRnk 105 / 154
2022
Flag → Flag
Top Product $57kInterior Decorative Glassware
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Ecuador-Georgia Trade: In 2022, Ecuador exported $41.7M to Georgia. The main products that Ecuador exported to Georgia were Bananas ($36.4M), Cut Flowers ($3.44M), and Crustaceans ($1.51M). Over the past 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 16.8%, from $19.2M in 2017 to $41.7M in 2022.

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

Georgia-Ecuador Trade: In 2022, Georgia exported $325k to Ecuador. The main products that Georgia exported to Ecuador were Interior Decorative Glassware ($57k), Float Glass ($46.8k), and Industrial Printers ($30.6k). Over the past 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.5%,  from $673k in 2017 to $325k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $6.82M and imported $69.2k from Georgia, resulting in a positive trade balance of $6.75M. Between December 2020 and December 2021 the exports of Ecuador have increased by $3.82M (127%) from $3M to $6.82M, while imports increased by $57.2k (476%) from $12k to $69.2k.

Trade In December 2021, the top exports of Ecuador to Georgia were Bananas ($3.01M) and Cut Flowers ($189k). In December 2021 the top imports of Ecuador from Georgia were Ball Bearings ($2.54k), Electric Motors ($1.38k), Valves ($200), Rubber Belting ($71.8), and Other Plastic Products ($45.9).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($4.71M), Quito ($1.92M), and Puerto Bolívar ($195k), while imports destinations were mainly Guayaquil-Marítimo ($69.1k) and Guayaquil-Aéreo ($85.7).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Georgia was explained primarily by an increase in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$3.82M(127%)
IMPORT GROWTH (December 2020 - December 2021)$57.2k(476%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$4.71M

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 Georgia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $41.7M to Georgia. The main products exported from Ecuador to Georgia were Bananas ($36.4M), Cut Flowers ($3.44M), and Crustaceans ($1.51M). During the last 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 16.8%, from $19.2M in 2017 to $41.7M in 2022.

In 2017, Georgia exported $325k to Ecuador. The main products exported from Georgia to Ecuador were Interior Decorative Glassware ($57k), Float Glass ($46.8k), and Industrial Printers ($30.6k). During the last 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.5%, from $673k in 2022 to $325k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Ecuador included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage Ecuador - Georgia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Georgia in the exports of Vegetable Products ($39.9M), Animal Products ($1.55M), and Foodstuffs ($265k).

During 2017, Georgia had a large net trade with Ecuador in the exports of Stone And Glass ($104k), Machines ($103k), and Textiles ($62.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Georgia+$3.5kRefined Petroleum
Top Product Potential Georgia Ecuador+$3.02kRefined 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 Georgia. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Ecuador.

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

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