Papua New Guinea (PNG) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Ecuador Trade: In 2022, Papua New Guinea exported $318k to Ecuador. The main products that Papua New Guinea exported to Ecuador were N/A. Over the past 5 years the exports of Papua New Guinea to Ecuador have decreased at an annualized rate of 38.2%, from $3.51M in 2017 to $318k in 2022.

In 2022, Papua New Guinea did not export any services to Ecuador.

Ecuador-Papua New Guinea Trade: In 2022, Ecuador exported $6.75k to Papua New Guinea. The main products that Ecuador exported to Papua New Guinea were Hand Tools ($6.75k). Over the past 5 years the exports of Ecuador to Papua New Guinea have decreased at an annualized rate of 37.1%, from $110k in 2017 to $6.75k in 2022.

In 2022, Ecuador did not export any services to Papua New Guinea.

Comparison: In 2023, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Papua New Guinea exported $318k to Ecuador. There were not main exports from Papua New Guinea to Ecuador in 2022. During the last 5 years the exports of Papua New Guinea to Ecuador have decreased at an annualized rate of 38.2%, from $3.51M in 2017 to $318k in 2022.

In 2018, Ecuador exported $6.75k to Papua New Guinea. The main products exported from Ecuador to Papua New Guinea were Hand Tools ($6.75k). During the last 5 years the exports of Ecuador to Papua New Guinea have decreased at an annualized rate of 37.1%, from $110k in 2023 to $6.75k in 2018.

Exports from Papua New Guinea () to Ecuador () (2023)

Exports from Ecuador () to Papua New Guinea () (2023)

Latest Data

Trade between Papua New Guinea () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationChina$3.55B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Papua New Guinea than Ecuador included Australia ($2.07B), Japan ($3.19B), and Chinese Taipei ($999M).

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

Difference in imports from Ecuador () and Papua New Guinea () (2023)

Comparative Advantage Papua New Guinea - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Papua New Guinea and Ecuador by product, considering products traded by both, Papua New Guinea and Ecuador.

During 2022, Papua New Guinea had a large net trade with Ecuador in the exports of .

During 2018, Ecuador had a large net trade with Papua New Guinea in the exports of Metals ($6.75k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Ecuador+$5.04kPetroleum Gas

Top Product Potential Ecuador Papua New Guinea+$3.37kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Ecuador () (2023)

Exports from Ecuador () to Papua New Guinea () (2023)

Latest Data

Trade between Papua New Guinea () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Papua New Guinea () (2023)

Comparative Advantage Papua New Guinea - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Ecuador () (2023)

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