NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $1.38MRnk 117 / 192
2023
Flag → Flag
Top Product $320kPeat
2023
Flag → Flag
Exports $27.3MRnk 71 / 174
2023
Flag → Flag
Top Product $10.5MBananas
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Estonia-Ecuador Trade: In 2023, Estonia exported $1.38M to Ecuador. The main products that Estonia exported to Ecuador were Peat ($320k), Refined Petroleum ($289k), and Yeast ($176k). Over the past 5 years the exports of Estonia to Ecuador have decreased at an annualized rate of 53.7%, from $65M in 2018 to $1.38M in 2023.

In 2023, Estonia did not export any services to Ecuador.

Ecuador-Estonia Trade: In 2023, Ecuador exported $27.3M to Estonia. The main products that Ecuador exported to Estonia were Bananas ($10.5M), Cocoa Beans ($5.89M), and Crustaceans ($5.3M). Over the past 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.18%,  from $41.9M in 2018 to $27.3M in 2023.

In 2023, Ecuador did not export any services to Estonia.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $1.38M to Ecuador. The main products exported from Estonia to Ecuador were Peat ($320k), Refined Petroleum ($289k), and Yeast ($176k). During the last 5 years the exports of Estonia to Ecuador have decreased at an annualized rate of 53.7%, from $65M in 2018 to $1.38M in 2023.

In 2018, Ecuador exported $27.3M to Estonia. The main products exported from Ecuador to Estonia were Bananas ($10.5M), Cocoa Beans ($5.89M), and Crustaceans ($5.3M). During the last 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.18%, from $41.9M in 2023 to $27.3M in 2018.

Exports from Estonia (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Estonia (Flag) (2023)

Latest Data

Trade between Estonia (Flag) and Ecuador (Flag)

Estonia Exports

Ecuador Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Estonia than Ecuador included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

Difference in imports from Ecuador (Flag) and Estonia (Flag) (2023)

Comparative Advantage Estonia - Ecuador

Flow
Scale

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

During 2023, Estonia had a large net trade with Ecuador in the exports of Mineral Products ($609k), Machines ($284k), and Foodstuffs ($204k).

During 2018, Ecuador had a large net trade with Estonia in the exports of Vegetable Products ($11.5M), Foodstuffs ($10.4M), and Animal Products ($5.3M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Estonia and Ecuador. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Estonia.

Product Space of Estonia (Flag) and Ecuador (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms