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Pricing

2022
Flag → Flag
Exports $4.96MRnk 94 / 170
2022
Flag → Flag
Top Product $4.52MBananas
2022
Flag → Flag
Exports $1.76MRnk 121 / 171
2022
Flag → Flag
Top Product $538kEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 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$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Ecuador-Oman Trade: In 2022, Ecuador exported $4.96M to Oman. The main products that Ecuador exported to Oman were Bananas ($4.52M), Confectionery Sugar ($413k), and Cut Flowers ($8.87k). Over the past 5 years the exports of Ecuador to Oman have increased at an annualized rate of 40.8%, from $895k in 2017 to $4.96M in 2022.

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

Oman-Ecuador Trade: In 2022, Oman exported $1.76M to Ecuador. The main products that Oman exported to Ecuador were Ethylene Polymers ($538k), Propylene Polymers ($404k), and Fish oil ($369k). Over the past 5 years the exports of Oman to Ecuador have increased at an annualized rate of 39.2%,  from $337k in 2017 to $1.76M in 2022.

In 2022, Oman 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, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $333k and imported $76.6k from Oman, resulting in a positive trade balance of $256k. Between December 2020 and December 2021 the exports of Ecuador have increased by $2.21k (0.67%) from $330k to $333k, while imports decreased by $-1.53M (-95.2%) from $1.61M to $76.6k.

Trade In December 2021, the top exports of Ecuador to Oman were Bananas ($75.6k), Other Engines ($3.81k), Valves ($2.6k), and Insulated Wire ($1.31k). In December 2021 the top imports of Ecuador from Oman were .

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($317k), Puerto Bolívar ($9.36k), and Quito ($5.92k), while imports destinations were mainly Guayaquil-Marítimo ($76.6k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Oman was explained primarily by an increase in product exports in Bananas ($18.4k or 32.2%). In December 2021, the decrease in Ecuador's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$2.21k(0.67%)
IMPORT GROWTH (December 2020 - December 2021)$-1.53M(-95.2%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$317k

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 Oman 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 $4.96M to Oman. The main products exported from Ecuador to Oman were Bananas ($4.52M), Confectionery Sugar ($413k), and Cut Flowers ($8.87k). During the last 5 years the exports of Ecuador to Oman have increased at an annualized rate of 40.8%, from $895k in 2017 to $4.96M in 2022.

In 2017, Oman exported $1.76M to Ecuador. The main products exported from Oman to Ecuador were Ethylene Polymers ($538k), Propylene Polymers ($404k), and Fish oil ($369k). During the last 5 years the exports of Oman to Ecuador have increased at an annualized rate of 39.2%, from $337k in 2022 to $1.76M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Oman
Top DestinationChina$30.4B

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

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

In 2022, countries that imported more from Oman than Ecuador included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Ecuador - Oman

Flow
Scale

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

During 2022, Ecuador had a large net trade with Oman in the exports of Vegetable Products ($4.53M), Foodstuffs ($413k), and Machines ($8.13k).

During 2017, Oman had a large net trade with Ecuador in the exports of Plastics and Rubbers ($948k), Animal and Vegetable Bi-Products ($369k), and Metals ($244k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Oman+$268kBananas
Top Product Potential Oman Ecuador+$545kPropylene Polymers

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

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

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