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Pricing

2022
Flag → Flag
Exports $2.79MRnk 102 / 170
2022
Flag → Flag
Top Product $2.27MCut Flowers
2022
Flag → Flag
Exports $39.2MRnk 80 / 205
2022
Flag → Flag
Top Product $22.2MCars
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Ecuador-Hungary Trade: In 2022, Ecuador exported $2.79M to Hungary. The main products that Ecuador exported to Hungary were Cut Flowers ($2.27M), Processed Fish ($384k), and Other Processed Fruits and Nuts ($49.7k). Over the past 5 years the exports of Ecuador to Hungary have increased at an annualized rate of 25.3%, from $904k in 2017 to $2.79M in 2022.

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

Hungary-Ecuador Trade: In 2022, Hungary exported $39.2M to Ecuador. The main products that Hungary exported to Ecuador were Cars ($22.2M), Pesticides ($3.39M), and Special Pharmaceuticals ($1.76M). Over the past 5 years the exports of Hungary to Ecuador have increased at an annualized rate of 6.07%,  from $29.2M in 2017 to $39.2M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $809k and imported $2.64M from Hungary, resulting in a negative trade balance of $1.83M. Between December 2020 and December 2021 the exports of Ecuador have increased by $787k (3.59k%) from $21.9k to $809k, while imports increased by $152k (6.09%) from $2.49M to $2.64M.

Trade In December 2021, the top exports of Ecuador to Hungary were Cut Flowers ($171k). In December 2021 the top imports of Ecuador from Hungary were Computers ($929k), Cars ($797k), Lifting Machinery ($158k), Special Pharmaceuticals ($96.3k), and Light Fixtures ($42.6k).

Origins In December 2021 the exports of Ecuador were mainly from Quito ($809k), while imports destinations were mainly Guayaquil-Marítimo ($1.44M), Quito ($992k), Puerto Bolívar ($80.3k), Tulcán ($70.1k), and Guayaquil-Aéreo ($55.7k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Hungary was explained primarily by an increase in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Hungary was explained primarily by an increase in product imports  in Computers ($878k or 1.72k%), Light Fixtures ($30.6k or 254%), and Air Pumps ($19.7k or 1.45k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$787k(3.59k%)
IMPORT GROWTH (December 2020 - December 2021)$152k(6.09%)
MAIN EXPORTER (December 2021)Quito$809k

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 Hungary and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hungary and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $2.79M to Hungary. The main products exported from Ecuador to Hungary were Cut Flowers ($2.27M), Processed Fish ($384k), and Other Processed Fruits and Nuts ($49.7k). During the last 5 years the exports of Ecuador to Hungary have increased at an annualized rate of 25.3%, from $904k in 2017 to $2.79M in 2022.

In 2017, Hungary exported $39.2M to Ecuador. The main products exported from Hungary to Ecuador were Cars ($22.2M), Pesticides ($3.39M), and Special Pharmaceuticals ($1.76M). During the last 5 years the exports of Hungary to Ecuador have increased at an annualized rate of 6.07%, from $29.2M in 2022 to $39.2M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Hungary
Top DestinationGermany$35.5B

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

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

In 2022, countries that imported more from Hungary than Ecuador included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Ecuador - Hungary

Flow
Scale

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

During 2022, Ecuador had a large net trade with Hungary in the exports of Vegetable Products ($2.28M), Foodstuffs ($443k), and Textiles ($35.3k).

During 2017, Hungary had a large net trade with Ecuador in the exports of Transportation ($23M), Chemical Products ($8.9M), and Machines ($2.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Hungary+$614kProcessed Fish
Top Product Potential Hungary Ecuador+$12.4MCars

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

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

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