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Pricing

2022
Flag → Flag
Exports $36MRnk 57 / 170
2022
Flag → Flag
Top Product $28MBananas
2022
Flag → Flag
Exports $4.75MRnk 116 / 210
2022
Flag → Flag
Top Product $1.15MSowing Seeds
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Ecuador-New Zealand Trade: In 2022, Ecuador exported $36M to New Zealand. The main products that Ecuador exported to New Zealand were Bananas ($28M), Crustaceans ($4.04M), and Tropical Fruits ($2.2M). Over the past 5 years the exports of Ecuador to New Zealand have decreased at an annualized rate of 2.12%, from $40.1M in 2017 to $36M in 2022.

In 2022, Ecuador did not export any services to New Zealand.

New Zealand-Ecuador Trade: In 2022, New Zealand exported $4.75M to Ecuador. The main products that New Zealand exported to Ecuador were Sowing Seeds ($1.15M), Kaolin Coated Paper ($548k), and Refined Copper ($477k). Over the past 5 years the exports of New Zealand to Ecuador have decreased at an annualized rate of 0.76%,  from $4.94M in 2017 to $4.75M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $2.92M and imported $232k from New Zealand, resulting in a positive trade balance of $2.69M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-618k (-17.5%) from $3.54M to $2.92M, while imports decreased by $-279k (-54.7%) from $511k to $232k.

Trade In December 2021, the top exports of Ecuador to New Zealand were Bananas ($2.31M), Tropical Fruits ($118k), Jams ($68.1k), Hats ($2.74k), and Cut Flowers ($2.03k). In December 2021 the top imports of Ecuador from New Zealand were Refined Copper ($135k), Therapeutic Appliances ($53.1k), Electrical Transformers ($4.96k), Other Plastic Products ($4.13k), and Non-Knit Women's Coats ($3.53k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($2.68M), Puerto Bolívar ($235k), and Quito ($5.16k), while imports destinations were mainly Guayaquil-Marítimo ($202k), Guayaquil-Aéreo ($28.9k), and Quito ($1.06k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Bananas ($-234k or -9.19%) and Jams ($-4.34k or -5.99%). In December 2021, the decrease in Ecuador's year-by-year imports  from New Zealand was explained primarily by an decrease in product imports  in Other Iron Products ($-201 or -71.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-618k(-17.5%)
IMPORT GROWTH (December 2020 - December 2021)$-279k(-54.7%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$2.68M

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 New Zealand and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $36M to New Zealand. The main products exported from Ecuador to New Zealand were Bananas ($28M), Crustaceans ($4.04M), and Tropical Fruits ($2.2M). During the last 5 years the exports of Ecuador to New Zealand have decreased at an annualized rate of 2.12%, from $40.1M in 2017 to $36M in 2022.

In 2017, New Zealand exported $4.75M to Ecuador. The main products exported from New Zealand to Ecuador were Sowing Seeds ($1.15M), Kaolin Coated Paper ($548k), and Refined Copper ($477k). During the last 5 years the exports of New Zealand to Ecuador have decreased at an annualized rate of 0.76%, from $4.94M in 2022 to $4.75M in 2017.

Exports from Ecuador (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Ecuador included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

Difference in imports from New Zealand (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - New Zealand

Flow
Scale

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

During 2022, Ecuador had a large net trade with New Zealand in the exports of Vegetable Products ($30.4M), Animal Products ($4.04M), and Foodstuffs ($1.43M).

During 2017, New Zealand had a large net trade with Ecuador in the exports of Vegetable Products ($1.15M), Machines ($1.07M), and Metals ($804k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador New Zealand+$2.84MCrustaceans
Top Product Potential New Zealand Ecuador+$211kKaolin Coated Paper

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

Product Space of Ecuador (Flag) and New Zealand (Flag) (2022)

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