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Pricing

2022
Flag → Flag
Exports $4.09MRnk 98 / 170
2022
Flag → Flag
Top Product $4.01MBananas
2022
Flag → Flag
Exports $6.11kRnk 92 / 113
2022
Flag → Flag
Top Product $6.02kNatural Polymers
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 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$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Ecuador-Mongolia Trade: In 2022, Ecuador exported $4.09M to Mongolia. The main products that Ecuador exported to Mongolia were Bananas ($4.01M), Coffee and Tea Extracts ($58k), and Crustaceans ($9.72k). Over the past 5 years the exports of Ecuador to Mongolia have increased at an annualized rate of 65.9%, from $326k in 2017 to $4.09M in 2022.

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

Mongolia-Ecuador Trade: In 2022, Mongolia exported $6.11k to Ecuador. The main products that Mongolia exported to Ecuador were Natural Polymers ($6.02k), Non-Knit Women's Suits ($63), and Non-Knit Women's Shirts ($25). Over the past 5 years the exports of Mongolia to Ecuador have decreased at an annualized rate of 43%,  from $102k in 2017 to $6.11k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Mongolia, 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 Mongolia were . In N/A the top imports of Ecuador from Mongolia were .

Origins In N/A the exports of Ecuador were mainly from N/A, while imports destinations were mainly N/A.

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

Latest Trade

Time Scale
Flow
Value
Depth

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 Mongolia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $4.09M to Mongolia. The main products exported from Ecuador to Mongolia were Bananas ($4.01M), Coffee and Tea Extracts ($58k), and Crustaceans ($9.72k). During the last 5 years the exports of Ecuador to Mongolia have increased at an annualized rate of 65.9%, from $326k in 2017 to $4.09M in 2022.

In 2017, Mongolia exported $6.11k to Ecuador. The main products exported from Mongolia to Ecuador were Natural Polymers ($6.02k), Non-Knit Women's Suits ($63), and Non-Knit Women's Shirts ($25). During the last 5 years the exports of Mongolia to Ecuador have decreased at an annualized rate of 43%, from $102k in 2022 to $6.11k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Ecuador than Mongolia included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Mongolia than Ecuador included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Ecuador - Mongolia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Mongolia in the exports of Vegetable Products ($4.02M), Foodstuffs ($63.9k), and Animal Products ($9.72k).

During 2017, Mongolia had a large net trade with Ecuador in the exports of Plastics and Rubbers ($6.02k) and Textiles ($93).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Mongolia+$72kCoffee and Tea Extracts
Top Product Potential Mongolia Ecuador+$2.42kCoal Briquettes

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

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

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