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Pricing

2022
Flag → Flag
Exports $19.5MRnk 71 / 170
2022
Flag → Flag
Top Product $6.85MCut Flowers
2022
Flag → Flag
Exports $19.6MRnk 92 / 196
2022
Flag → Flag
Top Product $9.95MIron Pipes
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 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$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Ecuador-Romania Trade: In 2022, Ecuador exported $19.5M to Romania. The main products that Ecuador exported to Romania were Cut Flowers ($6.85M), Crustaceans ($6.31M), and Bananas ($3.45M). Over the past 5 years the exports of Ecuador to Romania have increased at an annualized rate of 21.6%, from $7.33M in 2017 to $19.5M in 2022.

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

Romania-Ecuador Trade: In 2022, Romania exported $19.6M to Ecuador. The main products that Romania exported to Ecuador were Iron Pipes ($9.95M), Packaged Medicaments ($1.81M), and Aluminium Oxide ($1.1M). Over the past 5 years the exports of Romania to Ecuador have increased at an annualized rate of 1.66%,  from $18M in 2017 to $19.6M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $897k and imported $1.84M from Romania, resulting in a negative trade balance of $939k. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-79.3k (-8.12%) from $977k to $897k, while imports increased by $569k (44.9%) from $1.27M to $1.84M.

Trade In December 2021, the top exports of Ecuador to Romania were Cut Flowers ($1.89M) and Bananas ($78.6k). In December 2021 the top imports of Ecuador from Romania were Iron Pipes ($2.3M), Iron Pipe Fittings ($97.5k), Rubber Belting ($41.5k), Other Heating Machinery ($34.9k), and Packaged Medicaments ($25.7k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($578k), Quito ($184k), and Manta ($135k), while imports destinations were mainly Guayaquil-Marítimo ($1.68M), Quito ($142k), and Guayaquil-Aéreo ($11k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Romania was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Romania was explained primarily by an increase in product imports  in Iron Pipes ($1.73M or 304%), Rubber Belting ($22.9k or 123%), and Centrifuges ($20.3k or 518%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-79.3k(-8.12%)
IMPORT GROWTH (December 2020 - December 2021)$569k(44.9%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$578k

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 Romania and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $19.5M to Romania. The main products exported from Ecuador to Romania were Cut Flowers ($6.85M), Crustaceans ($6.31M), and Bananas ($3.45M). During the last 5 years the exports of Ecuador to Romania have increased at an annualized rate of 21.6%, from $7.33M in 2017 to $19.5M in 2022.

In 2017, Romania exported $19.6M to Ecuador. The main products exported from Romania to Ecuador were Iron Pipes ($9.95M), Packaged Medicaments ($1.81M), and Aluminium Oxide ($1.1M). During the last 5 years the exports of Romania to Ecuador have increased at an annualized rate of 1.66%, from $18M in 2022 to $19.6M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Ecuador included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Ecuador - Romania

Flow
Scale

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

During 2022, Ecuador had a large net trade with Romania in the exports of Vegetable Products ($10.3M), Animal Products ($6.35M), and Foodstuffs ($2.06M).

During 2017, Romania had a large net trade with Ecuador in the exports of Metals ($10.9M), Chemical Products ($3.31M), and Machines ($3.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Romania+$2.37MCrustaceans
Top Product Potential Romania Ecuador+$1.84MPackaged Medicaments

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

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

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