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2023
Flag → Flag
Exports $204MRnk 23 / 174
2023
Flag → Flag
Top Product $139MRefined Petroleum
2023
Flag → Flag
Exports $36.7MRnk 17 / 149
2023
Flag → Flag
Top Product $28.1MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 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$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Ecuador-Nicaragua Trade: In 2023, Ecuador exported $204M to Nicaragua. The main products that Ecuador exported to Nicaragua were Refined Petroleum ($139M), Raw Tobacco ($35.4M), and Crustaceans ($7.73M). Over the past 5 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 35.9%, from $44.1M in 2018 to $204M in 2023.

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

Nicaragua-Ecuador Trade: In 2023, Nicaragua exported $36.7M to Ecuador. The main products that Nicaragua exported to Ecuador were Non-fillet Frozen Fish ($28.1M), Scrap Iron ($5.83M), and Hard Liquor ($483k). Over the past 5 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 29.9%,  from $9.94M in 2018 to $36.7M in 2023.

In 2023, Nicaragua 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, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $3M and imported $1.74M from Nicaragua, resulting in a positive trade balance of $1.25M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-641k (-17.6%) from $3.64M to $3M, while imports increased by $1.58M (965%) from $164k to $1.74M.

Trade In December 2021, the top exports of Ecuador to Nicaragua were Raw Tobacco ($2.61M), Iron Stovetops ($170k), Confectionery Sugar ($119k), Plastic Lids ($99.4k), and Cut Flowers ($92.7k). In December 2021 the top imports of Ecuador from Nicaragua were Scrap Iron ($370k), Starches ($13.3k), Non-Knit Men's Suits ($7.3k), Recovered Paper ($6.15k), and Knit Men's Suits ($2.53k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($2.95M), Quito ($33.3k), and Guayaquil-Aéreo ($18.5k), while imports destinations were mainly Guayaquil-Marítimo ($1.7M), Manta ($22.2k), Quito ($20.5k), and Guayaquil-Aéreo ($144).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-641k(-17.6%)
IMPORT GROWTH (December 2020 - December 2021)$1.58M(965%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$2.95M

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 Nicaragua and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $204M to Nicaragua. The main products exported from Ecuador to Nicaragua were Refined Petroleum ($139M), Raw Tobacco ($35.4M), and Crustaceans ($7.73M). During the last 5 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 35.9%, from $44.1M in 2018 to $204M in 2023.

In 2018, Nicaragua exported $36.7M to Ecuador. The main products exported from Nicaragua to Ecuador were Non-fillet Frozen Fish ($28.1M), Scrap Iron ($5.83M), and Hard Liquor ($483k). During the last 5 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 29.9%, from $9.94M in 2023 to $36.7M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Nicaragua
Top DestinationUnited States$4.38B

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

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

In 2023, countries that imported more from Nicaragua than Ecuador included Mexico ($1.04B), El Salvador ($488M), and Honduras ($297M).

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

Comparative Advantage Ecuador - Nicaragua

Flow
Scale

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

During 2023, Ecuador had a large net trade with Nicaragua in the exports of Mineral Products ($146M), Foodstuffs ($36.8M), and Animal Products ($8.03M).

During 2018, Nicaragua had a large net trade with Ecuador in the exports of Animal Products ($28.3M), Metals ($6.04M), and Chemical Products ($704k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Nicaragua+$502kProcessed Fish
Top Product Potential Nicaragua Ecuador+N/AN/A

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

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

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