Romania (ROU) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Romania-Ecuador Trade: In 2023, Romania exported $10.8M to Ecuador. The main products that Romania exported to Ecuador were Packaged Medicaments ($3.11M), Iron Pipes ($1.61M), and Motor vehicles; parts and accessories (8701 to 8705) ($554k). Over the past 5 years the exports of Romania to Ecuador have decreased at an annualized rate of 7.67%, from $16.2M in 2018 to $10.8M in 2023.

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

Ecuador-Romania Trade: In 2023, Ecuador exported $11.6M to Romania. The main products that Ecuador exported to Romania were Bananas ($6.42M), Crustaceans ($3.44M), and Processed Fish ($1.2M). Over the past 5 years the exports of Ecuador to Romania have increased at an annualized rate of 15%, from $5.74M in 2018 to $11.6M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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 2023, Romania exported $10.8M to Ecuador. The main products exported from Romania to Ecuador were Packaged Medicaments ($3.11M), Iron Pipes ($1.61M), and Motor vehicles; parts and accessories (8701 to 8705) ($554k). During the last 5 years the exports of Romania to Ecuador have decreased at an annualized rate of 7.67%, from $16.2M in 2018 to $10.8M in 2023.

In 2018, Ecuador exported $11.6M to Romania. The main products exported from Ecuador to Romania were Bananas ($6.42M), Crustaceans ($3.44M), and Processed Fish ($1.2M). During the last 5 years the exports of Ecuador to Romania have increased at an annualized rate of 15%, from $5.74M in 2023 to $11.6M in 2018.

Exports from Romania () to Ecuador () (2023)

Exports from Ecuador () to Romania () (2023)

Latest Data

Trade between Romania () and Ecuador ()

Romania Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Romania than Ecuador included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Difference in imports from Ecuador () and Romania () (2023)

Comparative Advantage Romania - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Ecuador in the exports of Chemical Products ($3.37M), Machines ($2.83M), and Metals ($2.08M).

During 2018, Ecuador had a large net trade with Romania in the exports of Vegetable Products ($6.57M), Animal Products ($3.69M), and Foodstuffs ($1.27M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Ecuador+$1.84MPackaged Medicaments

Top Product Potential Ecuador Romania+$2.37MCrustaceans

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Ecuador () (2023)

Exports from Ecuador () to Romania () (2023)

Latest Data

Trade between Romania () and Ecuador ()

Romania Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Romania () (2023)

Comparative Advantage Romania - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Ecuador () (2023)

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