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2023
Flag → Flag
Exports $11.3MRnk 84 / 174
2023
Flag → Flag
Top Product $6.44MCrustaceans
2023
Flag → Flag
Exports $4.47MRnk 50 / 123
2023
Flag → Flag
Top Product $3.64MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 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$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Ecuador-Trinidad and Tobago Trade: In 2023, Ecuador exported $11.3M to Trinidad and Tobago. The main products that Ecuador exported to Trinidad and Tobago were Crustaceans ($6.44M), Cut Flowers ($2.35M), and Other Processed Vegetables ($995k). Over the past 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 13.8%, from $5.95M in 2018 to $11.3M in 2023.

In 2023, Ecuador did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Ecuador Trade: In 2023, Trinidad and Tobago exported $4.47M to Ecuador. The main products that Trinidad and Tobago exported to Ecuador were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.64M), Flavored Water ($615k), and Tissue ($64.8k). Over the past 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 22.6%,  from $16.1M in 2018 to $4.47M in 2023.

In 2023, Trinidad and Tobago 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, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $712k and imported $1.02M from Trinidad and Tobago, resulting in a negative trade balance of $304k. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-17.5M (-96.1%) from $18.2M to $712k, while imports increased by $922k (978%) from $94.2k to $1.02M.

Trade In December 2021, the top exports of Ecuador to Trinidad and Tobago were Cut Flowers ($19.3M), Crustaceans ($75.2k), and Electric Batteries ($57.8k). In December 2021 the top imports of Ecuador from Trinidad and Tobago were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($753k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($510k), Quito ($163k), and Manta ($39.2k), while imports destinations were mainly Guayaquil-Marítimo ($1.02M).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($375k or 98.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-17.5M(-96.1%)
IMPORT GROWTH (December 2020 - December 2021)$922k(978%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$510k

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 Trinidad and Tobago and Ecuador trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $11.3M to Trinidad and Tobago. The main products exported from Ecuador to Trinidad and Tobago were Crustaceans ($6.44M), Cut Flowers ($2.35M), and Other Processed Vegetables ($995k). During the last 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 13.8%, from $5.95M in 2018 to $11.3M in 2023.

In 2018, Trinidad and Tobago exported $4.47M to Ecuador. The main products exported from Trinidad and Tobago to Ecuador were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($3.64M), Flavored Water ($615k), and Tissue ($64.8k). During the last 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 22.6%, from $16.1M in 2023 to $4.47M in 2018.

Exports from Ecuador (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

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

In 2023, countries that imported more from Trinidad and Tobago than Ecuador included Guyana ($625M), Barbados ($460M), and Morocco ($377M).

Difference in imports from Trinidad and Tobago (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Trinidad and Tobago

Flow
Scale

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

During 2023, Ecuador had a large net trade with Trinidad and Tobago in the exports of Animal Products ($6.47M), Vegetable Products ($3.01M), and Foodstuffs ($1.08M).

During 2018, Trinidad and Tobago had a large net trade with Ecuador in the exports of Chemical Products ($3.64M), Foodstuffs ($615k), and Plastics and Rubbers ($80k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Trinidad and Tobago+$4.13kRefined Petroleum
Top Product Potential Trinidad and Tobago Ecuador+$4.83kPetroleum Gas

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

Product Space of Ecuador (Flag) and Trinidad and Tobago (Flag) (2023)

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