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Pricing

2022
Flag → Flag
Exports $63.8MRnk 43 / 170
2022
Flag → Flag
Top Product $32.4MRaw Tobacco
2022
Flag → Flag
Exports $35.6MRnk 18 / 148
2022
Flag → Flag
Top Product $24.6MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Ecuador-Nicaragua Trade: In 2022, Ecuador exported $63.8M to Nicaragua. The main products that Ecuador exported to Nicaragua were Raw Tobacco ($32.4M), Refined Petroleum ($14.7M), and Cement ($4.17M). Over the past 5 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 16.8%, from $29.3M in 2017 to $63.8M in 2022.

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

Nicaragua-Ecuador Trade: In 2022, Nicaragua exported $35.6M to Ecuador. The main products that Nicaragua exported to Ecuador were Non-fillet Frozen Fish ($24.6M), Scrap Iron ($6.78M), and Scrap Copper ($2M). Over the past 5 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 30.8%,  from $9.29M in 2017 to $35.6M in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

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).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Raw Tobacco ($-238k or -8.36%), Cut Flowers ($-233k or -71.6%), and Raw Plastic Sheeting ($-1.14k or -77.4%). In December 2021, the increase in Ecuador's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Scrap Iron ($258k or 231%).

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 2022, Ecuador exported $63.8M to Nicaragua. The main products exported from Ecuador to Nicaragua were Raw Tobacco ($32.4M), Refined Petroleum ($14.7M), and Cement ($4.17M). During the last 5 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 16.8%, from $29.3M in 2017 to $63.8M in 2022.

In 2017, Nicaragua exported $35.6M to Ecuador. The main products exported from Nicaragua to Ecuador were Non-fillet Frozen Fish ($24.6M), Scrap Iron ($6.78M), and Scrap Copper ($2M). During the last 5 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 30.8%, from $9.29M in 2022 to $35.6M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Nicaragua than Ecuador included Mexico ($943M), Honduras ($541M), and El Salvador ($437M).

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

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 2022, Ecuador had a large net trade with Nicaragua in the exports of Foodstuffs ($34.4M), Mineral Products ($18.8M), and Metals ($2.96M).

During 2017, Nicaragua had a large net trade with Ecuador in the exports of Animal Products ($25M), Metals ($9.38M), and Paper Goods ($493k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Nicaragua+$502kProcessed Fish
Top Product Potential Nicaragua Ecuador+$243kHard Liquor

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) (2022)

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