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2023
Flag → Flag
Exports $92MRnk 55 / 198
2023
Flag → Flag
Top Product $33.3MBroadcasting Equipment
2023
Flag → Flag
Exports $40.7MRnk 57 / 174
2023
Flag → Flag
Top Product $6.09MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
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GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Hong Kong-Ecuador Trade: In 2023, Hong Kong exported $92M to Ecuador. The main products that Hong Kong exported to Ecuador were Broadcasting Equipment ($33.3M), Computers ($6.3M), and Medical Instruments ($3.32M). Over the past 5 years the exports of Hong Kong to Ecuador have decreased at an annualized rate of 5.8%, from $124M in 2018 to $92M in 2023.

In 2023, Hong Kong did not export any services to Ecuador.

Ecuador-Hong Kong Trade: In 2023, Ecuador exported $40.7M to Hong Kong. The main products that Ecuador exported to Hong Kong were Tanned Equine and Bovine Hides ($6.09M), Bananas ($6.07M), and Other Fruits ($5.28M). Over the past 5 years the exports of Ecuador to Hong Kong have increased at an annualized rate of 0.78%,  from $39.1M in 2018 to $40.7M in 2023.

In 2023, Ecuador did not export any services to Hong Kong.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $92M to Ecuador. The main products exported from Hong Kong to Ecuador were Broadcasting Equipment ($33.3M), Computers ($6.3M), and Medical Instruments ($3.32M). During the last 5 years the exports of Hong Kong to Ecuador have decreased at an annualized rate of 5.8%, from $124M in 2018 to $92M in 2023.

In 2018, Ecuador exported $40.7M to Hong Kong. The main products exported from Ecuador to Hong Kong were Tanned Equine and Bovine Hides ($6.09M), Bananas ($6.07M), and Other Fruits ($5.28M). During the last 5 years the exports of Ecuador to Hong Kong have increased at an annualized rate of 0.78%, from $39.1M in 2023 to $40.7M in 2018.

Exports from Hong Kong (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Ecuador (Flag)

Hong Kong Exports

Ecuador Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Hong Kong than Ecuador included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Ecuador than Hong Kong included United States ($8.34B), Panama ($4.38B), and Peru ($1.15B).

Difference in imports from Ecuador (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Ecuador

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Ecuador in the exports of Machines ($65M), Instruments ($8.08M), and Chemical Products ($4.34M).

During 2018, Ecuador had a large net trade with Hong Kong in the exports of Vegetable Products ($13.7M), Animal Products ($8.79M), and Animal Hides ($6.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Ecuador+$3.76MTelephones
Top Product Potential Ecuador Hong Kong+$7.35MCrustaceans

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

Product Space of Hong Kong (Flag) and Ecuador (Flag) (2023)

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