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Pricing

2023
Flag → Flag
Exports $146MRnk 28 / 174
2023
Flag → Flag
Top Product $128MBananas
2023
Flag → Flag
Exports $53.1MRnk 88 / 182
2023
Flag → Flag
Top Product $39.5MCoal Tar Oil
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Ecuador-Saudi Arabia Trade: In 2023, Ecuador exported $146M to Saudi Arabia. The main products that Ecuador exported to Saudi Arabia were Bananas ($128M), Other Fruits ($8.16M), and Cut Flowers ($5.47M). Over the past 5 years the exports of Ecuador to Saudi Arabia have increased at an annualized rate of 1.51%, from $136M in 2018 to $146M in 2023.

In 2023, Ecuador did not export any services to Saudi Arabia.

Saudi Arabia-Ecuador Trade: In 2023, Saudi Arabia exported $53.1M to Ecuador. The main products that Saudi Arabia exported to Ecuador were Coal Tar Oil ($39.5M), Propylene Polymers ($9.94M), and Raw Aluminium ($1.09M). Over the past 5 years the exports of Saudi Arabia to Ecuador have increased at an annualized rate of 11.6%,  from $30.7M in 2018 to $53.1M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $11.7M and imported $3.21M from Saudi Arabia, resulting in a positive trade balance of $8.5M. Between December 2020 and December 2021 the exports of Ecuador have increased by $3.36M (40.2%) from $8.35M to $11.7M, while imports increased by $984k (44.1%) from $2.23M to $3.21M.

Trade In December 2021, the top exports of Ecuador to Saudi Arabia were Bananas ($7.07M), Cut Flowers ($362k), Other Processed Vegetables ($83.4k), and Other Processed Fruits and Nuts ($10.4k). In December 2021 the top imports of Ecuador from Saudi Arabia were Propylene Polymers ($2.19M), Float Glass ($614k), Ethylene Polymers ($432k), Raw Plastic Sheeting ($42.6k), and Polyacetals ($19.4k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($10.6M), Quito ($1.04M), and Puerto Bolívar ($59.3k), while imports destinations were mainly Guayaquil-Marítimo ($3.21M), Guayaquil-Aéreo ($2.72k), and Quito ($1.08k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Other Processed Fruits and Nuts ($4.63k or 80.1%). In December 2021, the increase in Ecuador's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Propylene Polymers ($1.93M or 734%), Float Glass ($450k or 275%), and Ethylene Polymers ($224k or 107%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$3.36M(40.2%)
IMPORT GROWTH (December 2020 - December 2021)$984k(44.1%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$10.6M

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 Saudi Arabia 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 $146M to Saudi Arabia. The main products exported from Ecuador to Saudi Arabia were Bananas ($128M), Other Fruits ($8.16M), and Cut Flowers ($5.47M). During the last 5 years the exports of Ecuador to Saudi Arabia have increased at an annualized rate of 1.51%, from $136M in 2018 to $146M in 2023.

In 2018, Saudi Arabia exported $53.1M to Ecuador. The main products exported from Saudi Arabia to Ecuador were Coal Tar Oil ($39.5M), Propylene Polymers ($9.94M), and Raw Aluminium ($1.09M). During the last 5 years the exports of Saudi Arabia to Ecuador have increased at an annualized rate of 11.6%, from $30.7M in 2023 to $53.1M in 2018.

Exports from Ecuador (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Ecuador than Saudi Arabia included Panama ($4.38B), Peru ($1.15B), and Russia ($924M).

In 2023, countries that imported more from Saudi Arabia than Ecuador included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Saudi Arabia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Saudi Arabia in the exports of Vegetable Products ($143M), Foodstuffs ($2.28M), and Miscellaneous ($1.21M).

During 2018, Saudi Arabia had a large net trade with Ecuador in the exports of Mineral Products ($39.8M), Plastics and Rubbers ($10.4M), and Metals ($1.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Saudi Arabia+$6.4kCrude Petroleum
Top Product Potential Saudi Arabia Ecuador+$8.56kRefined 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 Saudi Arabia. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Saudi Arabia (Flag) (2023)

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