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2022
Flag → Flag
Exports $152MRnk 28 / 170
2022
Flag → Flag
Top Product $144MCrustaceans
2022
Flag → Flag
Exports $258MRnk 63 / 152
2022
Flag → Flag
Top Product $82.3MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Ecuador-Vietnam Trade: In 2022, Ecuador exported $152M to Vietnam. The main products that Ecuador exported to Vietnam were Crustaceans ($144M), Cut Flowers ($3.36M), and Animal Meal and Pellets ($1.4M). Over the past 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 36.4%, from $1.46B in 2017 to $152M in 2022.

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

Vietnam-Ecuador Trade: In 2022, Vietnam exported $258M to Ecuador. The main products that Vietnam exported to Ecuador were Broadcasting Equipment ($82.3M), Coffee ($37.3M), and Office Machine Parts ($15.3M). Over the past 5 years the exports of Vietnam to Ecuador have increased at an annualized rate of 5.7%,  from $195M in 2017 to $258M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $11M and imported $21.3M from Vietnam, resulting in a negative trade balance of $10.4M. Between December 2020 and December 2021 the exports of Ecuador have increased by $689k (6.71%) from $10.3M to $11M, while imports increased by $4.26M (25%) from $17.1M to $21.3M.

Trade In December 2021, the top exports of Ecuador to Vietnam were Crustaceans ($6.72M), Cut Flowers ($531k), Sawn Wood ($36.2k), and Machinery Having Individual Functions ($1.11k). In December 2021 the top imports of Ecuador from Vietnam were Telephones ($4.88M), Twine, cordage or rope; knotted netting,... ($1.14M), Raw Aluminium ($693k), Textile Footwear ($688k), and Brooms ($495k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($10.9M) and Quito ($38.1k), while imports destinations were mainly Guayaquil-Marítimo ($7.17M), Guayaquil-Aéreo ($7.05M), Quito ($6.35M), Huaquillas ($660k), and Cuenca ($92.9k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Crustaceans ($4.26M or 173%). In December 2021, the increase in Ecuador's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Twine, cordage or rope; knotted netting,... ($804k or 237%), Telephones ($574k or 13.3%), and Brooms ($374k or 308%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$689k(6.71%)
IMPORT GROWTH (December 2020 - December 2021)$4.26M(25%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$10.9M

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 Vietnam and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $152M to Vietnam. The main products exported from Ecuador to Vietnam were Crustaceans ($144M), Cut Flowers ($3.36M), and Animal Meal and Pellets ($1.4M). During the last 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 36.4%, from $1.46B in 2017 to $152M in 2022.

In 2017, Vietnam exported $258M to Ecuador. The main products exported from Vietnam to Ecuador were Broadcasting Equipment ($82.3M), Coffee ($37.3M), and Office Machine Parts ($15.3M). During the last 5 years the exports of Vietnam to Ecuador have increased at an annualized rate of 5.7%, from $195M in 2022 to $258M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Ecuador than Vietnam included Panama ($4.97B), Peru ($1.02B), and Colombia ($1.07B).

In 2022, countries that imported more from Vietnam than Ecuador included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Ecuador - Vietnam

Flow
Scale

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

During 2022, Ecuador had a large net trade with Vietnam in the exports of Animal Products ($144M), Vegetable Products ($4.38M), and Foodstuffs ($1.45M).

During 2017, Vietnam had a large net trade with Ecuador in the exports of Machines ($123M), Vegetable Products ($38.4M), and Textiles ($29.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Vietnam+$1.55MAnimal Meal and Pellets
Top Product Potential Vietnam Ecuador+$29MTelephones

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

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

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