2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186

About

In N/A, Ecuador did not export any services to Somalia.

Somalia-Ecuador In N/A, Somalia did not export any products to Ecuador.

In N/A, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Ecuador does not register exports to Somalia.

Somalia does not register exports to Ecuador. The main products exported from Somalia to Ecuador were Electrical Transformers ($4.94k), Metalworking Machine Parts ($4.82k), and Thermostats ($2.66k).

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Somalia
Top Destination
United Arab Emirates$283M

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

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

In 2022, countries that imported more from Somalia than Ecuador included Oman ($173M), Bahrain ($9M), and Pakistan ($1.69M).

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

Comparative Advantage Ecuador - Somalia

Flow
Scale

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Somalia+$2.32kRefined Petroleum
Top Product Potential Somalia Ecuador+$1.42kScrap Iron

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

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

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