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2023
Flag → Flag
Exports $8.17MRnk 91 / 174
2023
Flag → Flag
Top Product $2.82MCut Flowers
2023
Flag → Flag
Exports $31MRnk 29 / 153
2023
Flag → Flag
Top Product $12.3MSoybean Meal
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Ecuador-Paraguay Trade: In 2023, Ecuador exported $8.17M to Paraguay. The main products that Ecuador exported to Paraguay were Cut Flowers ($2.82M), Processed Fish ($1.56M), and Crustaceans ($1.25M). Over the past 5 years the exports of Ecuador to Paraguay have decreased at an annualized rate of 1.4%, from $8.77M in 2018 to $8.17M in 2023.

In 2023, Ecuador did not export any services to Paraguay.

Paraguay-Ecuador Trade: In 2023, Paraguay exported $31M to Ecuador. The main products that Paraguay exported to Ecuador were Soybean Meal ($12.3M), Packaged Medicaments ($9.89M), and Ground Nuts ($2.01M). Over the past 5 years the exports of Paraguay to Ecuador have decreased at an annualized rate of 11.8%,  from $57.9M in 2018 to $31M in 2023.

In 2023, Paraguay did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $646k and imported $1.75M from Paraguay, resulting in a negative trade balance of $1.11M. Between December 2020 and December 2021 the exports of Ecuador have increased by $306k (89.8%) from $340k to $646k, while imports increased by $63.1k (3.74%) from $1.69M to $1.75M.

Trade In December 2021, the top exports of Ecuador to Paraguay were Cut Flowers ($132k), Processed Fish ($42.2k), Packaged Medicaments ($36.8k), Shaped Paper ($12.6k), and Other Processed Vegetables ($7.57k). In December 2021 the top imports of Ecuador from Paraguay were Packaged Medicaments ($1.19M), Rapeseed Oil ($163k), Aluminium Cans ($139k), Starches ($34.7k), and Other Uncoated Paper ($28.3k).

Origins In December 2021 the exports of Ecuador were mainly from Quito ($320k), Guayaquil-Marítimo ($302k), and Guayaquil-Aéreo ($24k), while imports destinations were mainly Quito ($992k), Guayaquil-Marítimo ($754k), and Guayaquil-Aéreo ($4.17k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Packaged Medicaments ($8.95k or 32.1%), Other Processed Vegetables ($5.69k or 303%), and Other Processed Fruits and Nuts ($4.93k or 570%). In December 2021, the increase in Ecuador's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Packaged Medicaments ($1.18M or 6.2k%), Rapeseed Oil ($22.8k or 16.2%), and Starches ($8.46k or 32.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$306k(89.8%)
IMPORT GROWTH (December 2020 - December 2021)$63.1k(3.74%)
MAIN EXPORTER (December 2021)Quito$320k

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 Paraguay and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $8.17M to Paraguay. The main products exported from Ecuador to Paraguay were Cut Flowers ($2.82M), Processed Fish ($1.56M), and Crustaceans ($1.25M). During the last 5 years the exports of Ecuador to Paraguay have decreased at an annualized rate of 1.4%, from $8.77M in 2018 to $8.17M in 2023.

In 2018, Paraguay exported $31M to Ecuador. The main products exported from Paraguay to Ecuador were Soybean Meal ($12.3M), Packaged Medicaments ($9.89M), and Ground Nuts ($2.01M). During the last 5 years the exports of Paraguay to Ecuador have decreased at an annualized rate of 11.8%, from $57.9M in 2023 to $31M in 2018.

Exports from Ecuador (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Ecuador than Paraguay included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from Paraguay than Ecuador included Argentina ($4B), Brazil ($3B), and Uruguay ($274M).

Difference in imports from Paraguay (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Paraguay

Flow
Scale

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

During 2023, Ecuador had a large net trade with Paraguay in the exports of Vegetable Products ($2.82M), Foodstuffs ($1.84M), and Animal Products ($1.26M).

During 2018, Paraguay had a large net trade with Ecuador in the exports of Foodstuffs ($12.5M), Chemical Products ($10.8M), and Vegetable Products ($3.65M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Paraguay+$427kCrustaceans
Top Product Potential Paraguay Ecuador+$254kMetal Stoppers

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

Product Space of Ecuador (Flag) and Paraguay (Flag) (2023)

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