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2023
Flag → Flag
Exports $166MRnk 27 / 174
2023
Flag → Flag
Top Product $90.7MRefined Petroleum
2023
Flag → Flag
Exports $114MRnk 20 / 170
2023
Flag → Flag
Top Product $23MAnimal Food
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Ecuador-Guatemala Trade: In 2023, Ecuador exported $166M to Guatemala. The main products that Ecuador exported to Guatemala were Refined Petroleum ($90.7M), Crustaceans ($35.3M), and Electrical Transformers ($10.4M). Over the past 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 18.9%, from $69.9M in 2018 to $166M in 2023.

In 2023, Ecuador did not export any services to Guatemala.

Guatemala-Ecuador Trade: In 2023, Guatemala exported $114M to Ecuador. The main products that Guatemala exported to Ecuador were Animal Food ($23M), Refrigerators ($22.7M), and Pesticides ($7.84M). Over the past 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 16.5%,  from $53.2M in 2018 to $114M in 2023.

In 2023, Guatemala did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $4.69M and imported $10.1M from Guatemala, resulting in a negative trade balance of $5.42M. Between December 2020 and December 2021 the exports of Ecuador have increased by $1.22M (35.3%) from $3.47M to $4.69M, while imports increased by $3.94M (63.8%) from $6.17M to $10.1M.

Trade In December 2021, the top exports of Ecuador to Guatemala were Crustaceans ($948k), Iron Stovetops ($354k), Propylene Polymers ($288k), Cocoa Paste ($189k), and Plastic Lids ($106k). In December 2021 the top imports of Ecuador from Guatemala were Rubber ($457k), Pesticides ($454k), Synthetic Coloring Matter ($347k), Styrene Polymers ($241k), and Cleaning Products ($203k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.92M), Puerto Bolívar ($438k), Quito ($292k), and Guayaquil-Aéreo ($42.1k), while imports destinations were mainly Guayaquil-Marítimo ($9.88M), Quito ($202k), Cuenca ($15.8k), and Guayaquil-Aéreo ($5.44k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Iron Stovetops ($95.2k or 36.7%), Cocoa Paste ($94.8k or 101%), and Plastic Lids ($88.6k or 502%). In December 2021, the increase in Ecuador's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Rubber ($401k or 718%), Dolomite ($121k or 352%), and Confectionery Sugar ($40.7k or 78.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$1.22M(35.3%)
IMPORT GROWTH (December 2020 - December 2021)$3.94M(63.8%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$3.92M

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 Guatemala and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $166M to Guatemala. The main products exported from Ecuador to Guatemala were Refined Petroleum ($90.7M), Crustaceans ($35.3M), and Electrical Transformers ($10.4M). During the last 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 18.9%, from $69.9M in 2018 to $166M in 2023.

In 2018, Guatemala exported $114M to Ecuador. The main products exported from Guatemala to Ecuador were Animal Food ($23M), Refrigerators ($22.7M), and Pesticides ($7.84M). During the last 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 16.5%, from $53.2M in 2023 to $114M in 2018.

Exports from Ecuador (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Ecuador than Guatemala included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

In 2023, countries that imported more from Guatemala than Ecuador included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

Difference in imports from Guatemala (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Guatemala

Flow
Scale

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

During 2023, Ecuador had a large net trade with Guatemala in the exports of Mineral Products ($90.8M), Animal Products ($36M), and Machines ($12.4M).

During 2018, Guatemala had a large net trade with Ecuador in the exports of Chemical Products ($36M), Foodstuffs ($30.5M), and Machines ($23.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Guatemala+$14.2MRefined Petroleum
Top Product Potential Guatemala Ecuador+$2.83MPackaged Medicaments

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

Product Space of Ecuador (Flag) and Guatemala (Flag) (2023)

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