2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH
43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH
13.8%CURRENT US$
Rnk 100 / 186

About

Ecuador-Papua New Guinea Trade: In 2022, Ecuador exported $15.4k to Papua New Guinea. The main products that Ecuador exported to Papua New Guinea were Hand Tools ($15.4k). Over the past 5 years the exports of Ecuador to Papua New Guinea have decreased at an annualized rate of 48%, from $405k in 2017 to $15.4k in 2022.

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

Papua New Guinea-Ecuador Trade: In 2022, Papua New Guinea exported $291k to Ecuador. The main products that Papua New Guinea exported to Ecuador were Non-fillet Frozen Fish ($190k), Other Inedible Animal Products ($94.5k), and Essential Oils ($3.47k). Over the past 5 years the exports of Papua New Guinea to Ecuador have decreased at an annualized rate of 38.4%,  from $3.27M in 2017 to $291k in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $15.4k to Papua New Guinea. The main products exported from Ecuador to Papua New Guinea were Hand Tools ($15.4k). During the last 5 years the exports of Ecuador to Papua New Guinea have decreased at an annualized rate of 48%, from $405k in 2017 to $15.4k in 2022.

In 2017, Papua New Guinea exported $291k to Ecuador. The main products exported from Papua New Guinea to Ecuador were Non-fillet Frozen Fish ($190k), Other Inedible Animal Products ($94.5k), and Essential Oils ($3.47k). During the last 5 years the exports of Papua New Guinea to Ecuador have decreased at an annualized rate of 38.4%, from $3.27M in 2022 to $291k in 2017.

Exports from Ecuador (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Papua New Guinea
Top Destination
Japan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Ecuador included Japan ($4.03B), Australia ($1.74B), and Chinese Taipei ($1.46B).

Difference in imports from Papua New Guinea (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Papua New Guinea

Flow
Scale

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

During 2022, Ecuador had a large net trade with Papua New Guinea in the exports of Metals ($15.4k).

During 2017, Papua New Guinea had a large net trade with Ecuador in the exports of Animal Products ($285k), Chemical Products ($3.47k), and Machines ($2.57k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Papua New Guinea+$3.37kRefined Petroleum
Top Product Potential Papua New Guinea Ecuador+$5.04kPetroleum Gas

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Papua New Guinea. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Papua New Guinea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with