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Pricing

2022
Flag → Flag
Exports $24.9MRnk 65 / 170
2022
Flag → Flag
Top Product $16.9MCrustaceans
2022
Flag → Flag
Exports $20.2MRnk 118 / 214
2022
Flag → Flag
Top Product $4.22MKraft Paper
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%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 GROWTH12.6%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 4.03%,  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).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.16M and imported $988k from South Africa, resulting in a positive trade balance of $169k. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-42.1k (-3.51%) from $1.2M to $1.16M, while imports increased by $382k (63.1%) from $606k to $988k.

Trade In December 2021, the top exports of Ecuador to South Africa were Crustaceans ($613k), Bananas ($141k), Precious Metal Ore ($115k), and Other Processed Vegetables ($14.4k). In December 2021 the top imports of Ecuador from South Africa were Iron Chains ($65k), Kraft Paper ($31k), Ferroalloys ($28.4k), Blank Audio Media ($22.8k), and Laboratory Reagents ($21.4k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.16M), while imports destinations were mainly Guayaquil-Marítimo ($919k), Guayaquil-Aéreo ($44.2k), Quito ($17.3k), and Huaquillas ($7.96k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Crustaceans ($-56.9k or -8.49%). In December 2021, the increase in Ecuador's year-by-year imports  from South Africa was explained primarily by an increase in product imports  in Sowing Seeds ($17.1k or 2.16k%), Iron Chains ($9.58k or 17.3%), and Ink ($7.59k or 158%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-42.1k(-3.51%)
IMPORT GROWTH (December 2020 - December 2021)$382k(63.1%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$1.16M

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 South Africa and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Ecuador Data

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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 4.03%, 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 DestinationUnited States$9.86B
South Africa
Top DestinationChina$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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