2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 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
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Ecuador-Hong Kong Trade: In 2022, Ecuador exported $42.3M to Hong Kong. The main products that Ecuador exported to Hong Kong were Other Fruits ($8M), Tanned Equine and Bovine Hides ($7.97M), and Bananas ($7.69M). Over the past 5 years the exports of Ecuador to Hong Kong have increased at an annualized rate of 9.52%, from $26.9M in 2017 to $42.3M in 2022.

In 2022, Ecuador did not export any services to Hong Kong.

Hong Kong-Ecuador Trade: In 2022, Hong Kong exported $109M to Ecuador. The main products that Hong Kong exported to Ecuador were Broadcasting Equipment ($47.6M), Video Displays ($4.72M), and Computers ($4.27M). Over the past 5 years the exports of Hong Kong to Ecuador have increased at an annualized rate of 12.9%,  from $41.3M in 2017 to $109M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $42.3M to Hong Kong. The main products exported from Ecuador to Hong Kong were Other Fruits ($8M), Tanned Equine and Bovine Hides ($7.97M), and Bananas ($7.69M). During the last 5 years the exports of Ecuador to Hong Kong have increased at an annualized rate of 9.52%, from $26.9M in 2017 to $42.3M in 2022.

In 2017, Hong Kong exported $109M to Ecuador. The main products exported from Hong Kong to Ecuador were Broadcasting Equipment ($47.6M), Video Displays ($4.72M), and Computers ($4.27M). During the last 5 years the exports of Hong Kong to Ecuador have increased at an annualized rate of 12.9%, from $41.3M in 2022 to $109M in 2017.

Exports from Ecuador (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Ecuador than Hong Kong included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Hong Kong than Ecuador included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Hong Kong

Flow
Scale

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

During 2022, Ecuador had a large net trade with Hong Kong in the exports of Vegetable Products ($17.9M), Animal Hides ($7.97M), and Animal Products ($6.94M).

During 2017, Hong Kong had a large net trade with Ecuador in the exports of Machines ($79M), Instruments ($10.5M), and Metals ($3.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Hong Kong+$7.35MCrustaceans
Top Product Potential Hong Kong Ecuador+$3.76MTelephones

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

Product Space of Ecuador (Flag) and Hong Kong (Flag) (2022)

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