Gabon (GAB) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

About

Gabon-Ecuador Trade: In 2022, Gabon exported $1.26k to Ecuador. The main products that Gabon exported to Ecuador were Brooms ($1.23k) and Transmissions ($35). Over the past 5 years the exports of Gabon to Ecuador have decreased at an annualized rate of 41.3%, from $18.1k in 2017 to $1.26k in 2022.

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

Ecuador-Gabon Trade: In 2022, Ecuador exported $33.1k to Gabon. The main products that Ecuador exported to Gabon were Excavation Machinery ($33.1k). Over the past 5 years the exports of Ecuador to Gabon have decreased at an annualized rate of 30.5%, from $205k in 2017 to $33.1k in 2022.

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

Comparison: In 2022, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B). 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, Gabon exported $1.26k to Ecuador. The main products exported from Gabon to Ecuador were Brooms ($1.23k) and Transmissions ($35). During the last 5 years the exports of Gabon to Ecuador have decreased at an annualized rate of 41.3%, from $18.1k in 2017 to $1.26k in 2022.

In 2017, Ecuador exported $33.1k to Gabon. The main products exported from Ecuador to Gabon were Excavation Machinery ($33.1k). During the last 5 years the exports of Ecuador to Gabon have decreased at an annualized rate of 30.5%, from $205k in 2022 to $33.1k in 2017.

Exports from Gabon () to Ecuador () (2022)

Exports from Ecuador () to Gabon () (2022)

Latest Data

Trade between Gabon () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$3.4B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Gabon than Ecuador included South Korea ($617M), Indonesia ($394M), and Norway ($168M).

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

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

Comparative Advantage Gabon - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gabon had a large net trade with Ecuador in the exports of Miscellaneous ($1.23k) and Machines ($35).

During 2017, Ecuador had a large net trade with Gabon in the exports of Machines ($33.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Ecuador+$3.34kRefined Petroleum

Top Product Potential Ecuador Gabon+$2.12kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Ecuador () (2022)

Exports from Ecuador () to Gabon () (2022)

Latest Data

Trade between Gabon () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Gabon - 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 Gabon () and Ecuador () (2022)

Keep Exploring