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Pricing

2022
Flag → Flag
Exports $15MRnk 74 / 170
2022
Flag → Flag
Top Product $7.73MCoconut and Other Vegetable Fibers
2022
Flag → Flag
Exports $24.4MRnk 68 / 205
2022
Flag → Flag
Top Product $13.3MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Ecuador-Philippines Trade: In 2022, Ecuador exported $15M to Philippines. The main products that Ecuador exported to Philippines were Coconut and Other Vegetable Fibers ($7.73M), Cut Flowers ($3.81M), and Raw Tobacco ($1.52M). Over the past 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 4.06%, from $12.3M in 2017 to $15M in 2022.

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

Philippines-Ecuador Trade: In 2022, Philippines exported $24.4M to Ecuador. The main products that Philippines exported to Ecuador were Office Machine Parts ($13.3M), Plastic Lids ($1.81M), and Ink ($1.54M). Over the past 5 years the exports of Philippines to Ecuador have increased at an annualized rate of 3.33%,  from $20.7M in 2017 to $24.4M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.06M and imported $1.82M from Philippines, resulting in a negative trade balance of $762k. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-10.8M (-91.1%) from $11.9M to $1.06M, while imports increased by $687k (60.6%) from $1.13M to $1.82M.

Trade In December 2021, the top exports of Ecuador to Philippines were Cut Flowers ($9.24M), Coconut and Other Vegetable Fibers ($1.01M), Animal Meal and Pellets ($46.9k), Other live plants, cuttings and slips; mushroom... ($40.8k), and Other Fruits ($11k). In December 2021 the top imports of Ecuador from Philippines were Industrial Printers ($501k), Ink ($152k), Electrical Transformers ($55.5k), Electric Batteries ($41.9k), and Computers ($38.2k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($897k) and Quito ($162k), while imports destinations were mainly Guayaquil-Marítimo ($1.67M), Quito ($121k), Guayaquil-Aéreo ($29.4k), Cuenca ($3.01k), and Tulcán ($1.84k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Cut Flowers ($-720k or -7.23%) and Coconut and Other Vegetable Fibers ($-248k or -19.7%). In December 2021, the increase in Ecuador's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Ink ($99.7k or 192%), Electric Batteries ($41.7k or 29.7k%), and Blank Audio Media ($31k or 2.35k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-10.8M(-91.1%)
IMPORT GROWTH (December 2020 - December 2021)$687k(60.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$897k

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 Philippines and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $15M to Philippines. The main products exported from Ecuador to Philippines were Coconut and Other Vegetable Fibers ($7.73M), Cut Flowers ($3.81M), and Raw Tobacco ($1.52M). During the last 5 years the exports of Ecuador to Philippines have increased at an annualized rate of 4.06%, from $12.3M in 2017 to $15M in 2022.

In 2017, Philippines exported $24.4M to Ecuador. The main products exported from Philippines to Ecuador were Office Machine Parts ($13.3M), Plastic Lids ($1.81M), and Ink ($1.54M). During the last 5 years the exports of Philippines to Ecuador have increased at an annualized rate of 3.33%, from $20.7M in 2022 to $24.4M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Ecuador than Philippines included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

In 2022, countries that imported more from Philippines than Ecuador included Hong Kong ($12.6B), Japan ($11.3B), and China ($15.3B).

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

Comparative Advantage Ecuador - Philippines

Flow
Scale

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

During 2022, Ecuador had a large net trade with Philippines in the exports of Textiles ($7.73M), Vegetable Products ($4.65M), and Foodstuffs ($2.33M).

During 2017, Philippines had a large net trade with Ecuador in the exports of Machines ($16.3M), Plastics and Rubbers ($1.92M), and Chemical Products ($1.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Philippines+$6.79kRefined Petroleum
Top Product Potential Philippines Ecuador+$4.44kComputers

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

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

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