Ethiopia (ETH) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

About

Ethiopia-Ecuador Trade: In 2022, Ethiopia exported $80k to Ecuador. The main products that Ethiopia exported to Ecuador were Milling Stones ($35.5k), Knit Sweaters ($19.2k), and Knit Babies' Garments ($6.44k). Over the past 5 years the exports of Ethiopia to Ecuador have increased at an annualized rate of 30.5%, from $21.1k in 2017 to $80k in 2022.

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

Ecuador-Ethiopia Trade: In 2022, Ecuador exported $55.3k to Ethiopia. The main products that Ecuador exported to Ethiopia were Rubber Pipes ($36.9k), Other Rubber Products ($4.57k), and Raw Plastic Sheeting ($2.79k). Over the past 5 years the exports of Ecuador to Ethiopia have decreased at an annualized rate of 33.6%, from $429k in 2017 to $55.3k in 2022.

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

Comparison: In 2022, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ethiopia exported $80k to Ecuador. The main products exported from Ethiopia to Ecuador were Milling Stones ($35.5k), Knit Sweaters ($19.2k), and Knit Babies' Garments ($6.44k). During the last 5 years the exports of Ethiopia to Ecuador have increased at an annualized rate of 30.5%, from $21.1k in 2017 to $80k in 2022.

In 2017, Ecuador exported $55.3k to Ethiopia. The main products exported from Ecuador to Ethiopia were Rubber Pipes ($36.9k), Other Rubber Products ($4.57k), and Raw Plastic Sheeting ($2.79k). During the last 5 years the exports of Ecuador to Ethiopia have decreased at an annualized rate of 33.6%, from $429k in 2022 to $55.3k in 2017.

Exports from Ethiopia () to Ecuador () (2022)

Exports from Ecuador () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Ecuador ()

Ethiopia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ethiopia
Top DestinationUnited Arab Emirates$723M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Ethiopia than Ecuador included United Arab Emirates ($723M), Somalia ($265M), and Saudi Arabia ($268M).

In 2022, countries that imported more from Ecuador than Ethiopia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador () and Ethiopia () (2022)

Comparative Advantage Ethiopia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ethiopia had a large net trade with Ecuador in the exports of Textiles ($44.5k) and Stone And Glass ($35.5k).

During 2017, Ecuador had a large net trade with Ethiopia in the exports of Plastics and Rubbers ($46.1k), Textiles ($2.85k), and Machines ($2.16k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ethiopia Ecuador+$3.28kCoffee

Top Product Potential Ecuador Ethiopia+$15.7kRaw Plastic Sheeting

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ethiopia () to Ecuador () (2022)

Exports from Ecuador () to Ethiopia () (2022)

Latest Data

Trade between Ethiopia () and Ecuador ()

Ethiopia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Ethiopia () (2022)

Comparative Advantage Ethiopia - Ecuador

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Ethiopia () and Ecuador () (2022)

Keep Exploring