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Pricing

2023
Flag → Flag
Exports $47.2MRnk 55 / 174
2023
Flag → Flag
Top Product $44MBananas
2023
Flag → Flag
Exports $8.05BRnk 19 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 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$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Ecuador-Libya Trade: In 2023, Ecuador exported $47.2M to Libya. The main products that Ecuador exported to Libya were Bananas ($44M), Processed Fish ($1.46M), and Crustaceans ($1.26M). Over the past 5 years the exports of Ecuador to Libya have increased at an annualized rate of 76.8%, from $2.73M in 2018 to $47.2M in 2023.

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

Libya-Ecuador In N/A, Libya did not export any products to Ecuador.

In 2023, Libya 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, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Libya, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Libya were Bananas ($1.52M), Electric Motor Parts ($2.6k), and Liquid Pumps ($1.26k). In N/A the top imports of Ecuador from Libya were .

Origins In N/A the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.21M) and Puerto Bolívar ($45.3k), while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Libya was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports  from Libya was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)Guayaquil-Marítimo$1.21M

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 Libya and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $47.2M to Libya. The main products exported from Ecuador to Libya were Bananas ($44M), Processed Fish ($1.46M), and Crustaceans ($1.26M). During the last 5 years the exports of Ecuador to Libya have increased at an annualized rate of 76.8%, from $2.73M in 2018 to $47.2M in 2023.

Libya does not register exports to Ecuador.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Libya
Top DestinationItaly$7.96B

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

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

In 2023, countries that imported more from Libya than Ecuador included Italy ($7.96B), Germany ($5.16B), and France ($2.64B).

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

Comparative Advantage Ecuador - Libya

Flow
Scale

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

During 2023, Ecuador had a large net trade with Libya in the exports of Vegetable Products ($44M), Foodstuffs ($1.72M), and Animal Products ($1.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Libya+$5.03kRefined Petroleum
Top Product Potential Libya Ecuador+$4.2kPetroleum Gas

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

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

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