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2023
Flag → Flag
Exports $11.6MRnk 83 / 174
2023
Flag → Flag
Top Product $6.42MBananas
2023
Flag → Flag
Exports $10.8MRnk 102 / 199
2023
Flag → Flag
Top Product $3.11MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
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GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Ecuador-Romania Trade: In 2023, Ecuador exported $11.6M to Romania. The main products that Ecuador exported to Romania were Bananas ($6.42M), Crustaceans ($3.44M), and Processed Fish ($1.2M). Over the past 5 years the exports of Ecuador to Romania have increased at an annualized rate of 15%, from $5.74M in 2018 to $11.6M in 2023.

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

Romania-Ecuador Trade: In 2023, Romania exported $10.8M to Ecuador. The main products that Romania exported to Ecuador were Packaged Medicaments ($3.11M), Iron Pipes ($1.61M), and Motor vehicles; parts and accessories (8701 to 8705) ($554k). Over the past 5 years the exports of Romania to Ecuador have decreased at an annualized rate of 7.67%,  from $16.2M in 2018 to $10.8M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $11.6M to Romania. The main products exported from Ecuador to Romania were Bananas ($6.42M), Crustaceans ($3.44M), and Processed Fish ($1.2M). During the last 5 years the exports of Ecuador to Romania have increased at an annualized rate of 15%, from $5.74M in 2018 to $11.6M in 2023.

In 2018, Romania exported $10.8M to Ecuador. The main products exported from Romania to Ecuador were Packaged Medicaments ($3.11M), Iron Pipes ($1.61M), and Motor vehicles; parts and accessories (8701 to 8705) ($554k). During the last 5 years the exports of Romania to Ecuador have decreased at an annualized rate of 7.67%, from $16.2M in 2023 to $10.8M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Romania than Ecuador included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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 2023, Ecuador had a large net trade with Romania in the exports of Vegetable Products ($6.57M), Animal Products ($3.69M), and Foodstuffs ($1.27M).

During 2018, Romania had a large net trade with Ecuador in the exports of Chemical Products ($3.37M), Machines ($2.83M), and Metals ($2.08M).

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) (2023)

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