2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195

About

Ecuador-Croatia Trade: In 2023, Ecuador exported $30M to Croatia. The main products that Ecuador exported to Croatia were Bananas ($24.5M), Cut Flowers ($4.4M), and Processed Fish ($762k). Over the past 5 years the exports of Ecuador to Croatia have increased at an annualized rate of 15.1%, from $14.8M in 2018 to $30M in 2023.

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

Croatia-Ecuador Trade: In 2023, Croatia exported $4.02M to Ecuador. The main products that Croatia exported to Ecuador were Other Sea Vessels ($1.79M), Rubberworking Machinery ($1M), and Leather Footwear ($265k). Over the past 5 years the exports of Croatia to Ecuador have increased at an annualized rate of 58.1%,  from $407k in 2018 to $4.02M in 2023.

In 2023, Croatia 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $30M to Croatia. The main products exported from Ecuador to Croatia were Bananas ($24.5M), Cut Flowers ($4.4M), and Processed Fish ($762k). During the last 5 years the exports of Ecuador to Croatia have increased at an annualized rate of 15.1%, from $14.8M in 2018 to $30M in 2023.

In 2018, Croatia exported $4.02M to Ecuador. The main products exported from Croatia to Ecuador were Other Sea Vessels ($1.79M), Rubberworking Machinery ($1M), and Leather Footwear ($265k). During the last 5 years the exports of Croatia to Ecuador have increased at an annualized rate of 58.1%, from $407k in 2023 to $4.02M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Croatia
Top Destination
Italy$3.05B

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

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

In 2023, countries that imported more from Croatia than Ecuador included Slovenia ($2.45B), Italy ($3.05B), and Germany ($2.58B).

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

Comparative Advantage Ecuador - Croatia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Croatia in the exports of Vegetable Products ($28.9M), Foodstuffs ($762k), and Animal Products ($205k).

During 2018, Croatia had a large net trade with Ecuador in the exports of Transportation ($1.79M), Machines ($1.31M), and Footwear and Headwear ($311k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Croatia+$794kProcessed Fish
Top Product Potential Croatia Ecuador+$154kComputers

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

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

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