2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195

About

Georgia-Ecuador Trade: In 2023, Georgia exported $822k to Ecuador. The main products that Georgia exported to Ecuador were Washing and Bottling Machines ($741k), Knit T-shirts ($17.2k), and Valves ($9.94k). Over the past 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.2%, from $1.67M in 2018 to $822k in 2023.

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

Ecuador-Georgia Trade: In 2023, Ecuador exported $35.8M to Georgia. The main products that Ecuador exported to Georgia were Bananas ($33.4M), Cut Flowers ($1.6M), and Crustaceans ($427k). Over the past 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 13.4%,  from $19.1M in 2018 to $35.8M in 2023.

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

Comparison: In 2023,  Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $822k to Ecuador. The main products exported from Georgia to Ecuador were Washing and Bottling Machines ($741k), Knit T-shirts ($17.2k), and Valves ($9.94k). During the last 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.2%, from $1.67M in 2018 to $822k in 2023.

In 2018, Ecuador exported $35.8M to Georgia. The main products exported from Ecuador to Georgia were Bananas ($33.4M), Cut Flowers ($1.6M), and Crustaceans ($427k). During the last 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 13.4%, from $19.1M in 2023 to $35.8M in 2018.

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

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

Latest Data

Trade between Georgia (Flag) and Ecuador (Flag)

Georgia Exports

Ecuador Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Ecuador
Top Destination
United States$8.34B

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

In 2023, countries that imported more from Georgia than Ecuador included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

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

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

Comparative Advantage Georgia - Ecuador

Flow
Scale

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

During 2023, Georgia had a large net trade with Ecuador in the exports of Machines ($771k), Textiles ($42.8k), and Chemical Products ($4.11k).

During 2018, Ecuador had a large net trade with Georgia in the exports of Vegetable Products ($35.1M), Animal Products ($684k), and Foodstuffs ($14.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Ecuador+$3.02kRefined Petroleum
Top Product Potential Ecuador Georgia+$3.5kRefined 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.

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Economic Complexity

Competitive Landscape

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

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

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