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Pricing

2022
Flag → Flag
Exports $5.02MRnk 93 / 170
2022
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Top Product $4.02MBananas
2022
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Exports $417kRnk 50 / 123
2022
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Top Product $214kChocolate
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Ecuador-Montenegro In 2022, Ecuador exported $5.02M to Montenegro. The main products that Ecuador exported to Montenegro are Bananas ($4.02M), Crustaceans ($798k), and Cut Flowers ($102k). During the last 16 years the exports of Ecuador to Montenegro have increased at an annualized rate of 2.24%, from $3.52M in 2006 to $5.02M in 2022.

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

Montenegro-Ecuador In 2022, Montenegro exported $417k to Ecuador. The main products that Montenegro exported to Ecuador were Chocolate ($214k), Scented Mixtures ($56.6k), and Pesticides ($41.6k). During the last 16 years the exports of Montenegro to Ecuador have decreased at an annualized rate of 5.57%, from $1.04M in 2006 to $417k in 2022.

In 2022, Montenegro 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, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.2M and imported $2.61k from Montenegro, resulting in a positive trade balance of $1.19M. Between December 2020 and December 2021 the exports of Ecuador have increased by $241k (25.2%) from $955k to $1.2M, while imports increased by $2.58k (12.5k%) from $20.6 to $2.61k.

Trade In December 2021, the top exports of Ecuador to Montenegro were Bananas ($1.39M). In December 2021 the top imports of Ecuador from Montenegro were Other Coloring Matter ($6.24k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($976k) and Puerto Bolívar ($220k), while imports destinations were mainly Guayaquil-Marítimo ($2.61k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Montenegro was explained primarily by an increase in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2020 - December 2021)$241k(25.2%)
IMPORT GROWTH (December 2020 - December 2021)$2.58k(12.5k%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$976k

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 Montenegro 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 2022, Ecuador exported $5.02M to Montenegro. The main products exported from Ecuador to Montenegro were Bananas ($4.02M), Crustaceans ($798k), and Cut Flowers ($102k). During the last 16 years the exports of Ecuador to Montenegro have increased at an annualized rate of 2.24%, from $3.52M in 2006 to $5.02M in 2022.

In 2022, Montenegro exported $417k to Ecuador. The main products exported from Montenegro to Ecuador were Chocolate ($214k), Scented Mixtures ($56.6k), and Pesticides ($41.6k). During the last 8 years the exports of Montenegro to Ecuador have decreased at an annualized rate of 5.57%, from $1.04M in 2014 to $417k in 2022.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Ecuador than Montenegro were United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2021, countries that imported more from Montenegro than Ecuador were Serbia ($159M), South Korea ($321M), and Bosnia and Herzegovina ($95.5M).

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

Comparative Advantage Ecuador - Montenegro

Flow
Scale

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

During 2022, Ecuador had a large net trade with Montenegro in the exports of Vegetable Products ($4.12M), Animal Products ($806k), and Foodstuffs ($89.5k).

During 2022, Montenegro had a large net trade with Ecuador in the exports of Foodstuffs ($214k), Chemical Products ($169k), and Machines ($17k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ecuador has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Ecuador.

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

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