2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 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
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Ecuador-South Africa Trade: In 2022, Ecuador exported $24.9M to South Africa. The main products that Ecuador exported to South Africa were Crustaceans ($16.9M), Processed Crustaceans ($3.08M), and Bananas ($1.64M). Over the past 5 years the exports of Ecuador to South Africa have increased at an annualized rate of 16%, from $11.9M in 2017 to $24.9M in 2022.

In 2022, Ecuador did not export any services to South Africa.

South Africa-Ecuador Trade: In 2022, South Africa exported $20.2M to Ecuador. The main products that South Africa exported to Ecuador were Kraft Paper ($4.22M), Propylene Polymers ($1.37M), and Jams ($1.32M). Over the past 5 years the exports of South Africa to Ecuador have increased at an annualized rate of 9.09%,  from $13.1M in 2017 to $20.2M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $24.9M to South Africa. The main products exported from Ecuador to South Africa were Crustaceans ($16.9M), Processed Crustaceans ($3.08M), and Bananas ($1.64M). During the last 5 years the exports of Ecuador to South Africa have increased at an annualized rate of 16%, from $11.9M in 2017 to $24.9M in 2022.

In 2017, South Africa exported $20.2M to Ecuador. The main products exported from South Africa to Ecuador were Kraft Paper ($4.22M), Propylene Polymers ($1.37M), and Jams ($1.32M). During the last 5 years the exports of South Africa to Ecuador have increased at an annualized rate of 9.09%, from $13.1M in 2022 to $20.2M in 2017.

Exports from Ecuador (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Ecuador than South Africa included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

In 2022, countries that imported more from South Africa than Ecuador included China ($23.4B), Germany ($9.96B), and India ($9.14B).

Difference in imports from South Africa (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - South Africa

Flow
Scale

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

During 2022, Ecuador had a large net trade with South Africa in the exports of Animal Products ($17M), Foodstuffs ($3.42M), and Vegetable Products ($1.86M).

During 2017, South Africa had a large net trade with Ecuador in the exports of Paper Goods ($5.55M), Metals ($3.43M), and Foodstuffs ($2.99M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador South Africa+$3.31MCrustaceans
Top Product Potential South Africa Ecuador+$1.25MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Ecuador (Flag) and South Africa (Flag) (2022)

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