2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH
24%CURRENT US$
Rnk 113 / 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
$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH
37.3%CURRENT US$
Rnk 53 / 186

About

Ecuador-Croatia Trade: In 2022, Ecuador exported $36.2M to Croatia. The main products that Ecuador exported to Croatia were Bananas ($31.1M), Cut Flowers ($3.08M), and Processed Fish ($1.36M). Over the past 5 years the exports of Ecuador to Croatia have increased at an annualized rate of 17.2%, from $16.4M in 2017 to $36.2M in 2022.

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

Croatia-Ecuador Trade: In 2022, Croatia exported $2.24M to Ecuador. The main products that Croatia exported to Ecuador were Mixed Mineral or Chemical Fertilizers ($1.48M), Computers ($112k), and Malt Extract ($85.9k). Over the past 5 years the exports of Croatia to Ecuador have increased at an annualized rate of 22.9%,  from $797k in 2017 to $2.24M in 2022.

In 2022, Croatia 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, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $36.2M to Croatia. The main products exported from Ecuador to Croatia were Bananas ($31.1M), Cut Flowers ($3.08M), and Processed Fish ($1.36M). During the last 5 years the exports of Ecuador to Croatia have increased at an annualized rate of 17.2%, from $16.4M in 2017 to $36.2M in 2022.

In 2017, Croatia exported $2.24M to Ecuador. The main products exported from Croatia to Ecuador were Mixed Mineral or Chemical Fertilizers ($1.48M), Computers ($112k), and Malt Extract ($85.9k). During the last 5 years the exports of Croatia to Ecuador have increased at an annualized rate of 22.9%, from $797k in 2022 to $2.24M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Croatia
Top Destination
Italy$3.44B

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

In 2022, countries that imported more from Croatia than Ecuador included Italy ($3.44B), Slovenia ($2.87B), and Hungary ($2.65B).

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

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 2022, Ecuador had a large net trade with Croatia in the exports of Vegetable Products ($34.2M), Foodstuffs ($1.36M), and Animal Products ($525k).

During 2017, Croatia had a large net trade with Ecuador in the exports of Chemical Products ($1.53M), Machines ($292k), and Foodstuffs ($131k).

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) (2022)

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