2023
Flag  
GDP
$119BCURRENT US$
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2013-2023
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GDP GROWTH
23.1%CURRENT US$
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2023
Flag
 GDP
$213BCURRENT US$
Rnk 55 / 195
2013-2023
Flag
GDP GROWTH
7.18%CURRENT US$
Rnk 163 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$80,196CURRENT US$
Rnk 10 / 196
2013-2023
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GDP PC GROWTH
-22.7%CURRENT US$
Rnk 182 / 195

About

Ecuador-Qatar Trade: In 2023, Ecuador exported $29.1M to Qatar. The main products that Ecuador exported to Qatar were Cut Flowers ($13.8M), Bananas ($13.6M), and Crustaceans ($1.21M). Over the past 5 years the exports of Ecuador to Qatar have increased at an annualized rate of 27.2%, from $8.73M in 2018 to $29.1M in 2023.

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

Qatar-Ecuador Trade: In 2023, Qatar exported $1.14M to Ecuador. The main products that Qatar exported to Ecuador were Raw Aluminium ($1.12M), Hand-Woven Rugs ($7.71k), and Milling Stones ($2.77k). Over the past 5 years the exports of Qatar to Ecuador have increased at an annualized rate of 24.9%,  from $376k in 2018 to $1.14M in 2023.

In 2023, Qatar 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, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $29.1M to Qatar. The main products exported from Ecuador to Qatar were Cut Flowers ($13.8M), Bananas ($13.6M), and Crustaceans ($1.21M). During the last 5 years the exports of Ecuador to Qatar have increased at an annualized rate of 27.2%, from $8.73M in 2018 to $29.1M in 2023.

In 2018, Qatar exported $1.14M to Ecuador. The main products exported from Qatar to Ecuador were Raw Aluminium ($1.12M), Hand-Woven Rugs ($7.71k), and Milling Stones ($2.77k). During the last 5 years the exports of Qatar to Ecuador have increased at an annualized rate of 24.9%, from $376k in 2023 to $1.14M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Qatar
Top Destination
China$20.9B

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

In 2023, countries that imported more from Ecuador than Qatar included United States ($8.34B), Panama ($4.38B), and Peru ($1.15B).

In 2023, countries that imported more from Qatar than Ecuador included China ($20.9B), South Korea ($12.1B), and India ($12.9B).

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

Comparative Advantage Ecuador - Qatar

Flow
Scale

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

During 2023, Ecuador had a large net trade with Qatar in the exports of Vegetable Products ($27.5M), Animal Products ($1.21M), and Miscellaneous ($302k).

During 2018, Qatar had a large net trade with Ecuador in the exports of Metals ($1.13M), Textiles ($9.98k), and Stone And Glass ($2.77k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Qatar+$410kCrustaceans
Top Product Potential Qatar Ecuador+$6.32kRefined 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 Qatar. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Qatar. Similarly, a dot/product with the flag of Qatar indicates it has a comparative advantage over Ecuador.

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

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