2022
Flag  
GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
30.9%CURRENT US$
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2022
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 GDP
$243BCURRENT US$
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2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
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GDP PC 
$6,391CURRENT US$
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2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
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2022
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GDP PC
$7,126CURRENT US$
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2012-2022
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GDP PC GROWTH
10%CURRENT US$
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About

Ecuador-Peru Trade: In 2022, Ecuador exported $1.02B to Peru. The main products that Ecuador exported to Peru were Crude Petroleum ($442M), Particle Board ($73.7M), and Copper Ore ($64.2M). Over the past 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 5.43%, from $1.35B in 2017 to $1.02B in 2022.

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

Peru-Ecuador Trade: In 2022, Peru exported $1.28B to Ecuador. The main products that Peru exported to Ecuador were Animal Food ($256M), Animal Meal and Pellets ($114M), and Copper Wire ($46.2M). Over the past 5 years the exports of Peru to Ecuador have increased at an annualized rate of 9.34%,  from $821M in 2017 to $1.28B in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $1.02B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($442M), Particle Board ($73.7M), and Copper Ore ($64.2M). During the last 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 5.43%, from $1.35B in 2017 to $1.02B in 2022.

In 2017, Peru exported $1.28B to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($256M), Animal Meal and Pellets ($114M), and Copper Wire ($46.2M). During the last 5 years the exports of Peru to Ecuador have increased at an annualized rate of 9.34%, from $821M in 2022 to $1.28B in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Peru
Top Destination
China$17.6B

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

In 2022, countries that imported more from Ecuador than Peru included Panama ($4.97B), United States ($9.86B), and Russia ($994M).

In 2022, countries that imported more from Peru than Ecuador included China ($17.6B), South Korea ($2.62B), and Japan ($2.83B).

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

Comparative Advantage Ecuador - Peru

Flow
Scale

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

During 2022, Ecuador had a large net trade with Peru in the exports of Mineral Products ($567M), Foodstuffs ($132M), and Wood Products ($76.4M).

During 2017, Peru had a large net trade with Ecuador in the exports of Foodstuffs ($493M), Metals ($163M), and Chemical Products ($162M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Peru+$72.3MCrude Petroleum
Top Product Potential Peru Ecuador+$43.6MRefined Petroleum

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

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

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