Venezuela (VEN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Venezuela-Ecuador Trade: In 2022, Venezuela exported $44.1M to Ecuador. The main products that Venezuela exported to Ecuador were Non-fillet Frozen Fish ($37.4M), Aluminium Wire ($2.1M), and Packaged Medicaments ($1.82M). Over the past 5 years the exports of Venezuela to Ecuador have increased at an annualized rate of 21.6%, from $16.6M in 2017 to $44.1M in 2022.

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

Ecuador-Venezuela Trade: In 2022, Ecuador exported $63.5M to Venezuela. The main products that Ecuador exported to Venezuela were Processed Fish ($13.9M), Rubber Tires ($7.52M), and Other Vegetable Oils ($6.68M). Over the past 5 years the exports of Ecuador to Venezuela have increased at an annualized rate of 5.11%, from $49.5M in 2017 to $63.5M in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $44.1M to Ecuador. The main products exported from Venezuela to Ecuador were Non-fillet Frozen Fish ($37.4M), Aluminium Wire ($2.1M), and Packaged Medicaments ($1.82M). During the last 5 years the exports of Venezuela to Ecuador have increased at an annualized rate of 21.6%, from $16.6M in 2017 to $44.1M in 2022.

In 2017, Ecuador exported $63.5M to Venezuela. The main products exported from Ecuador to Venezuela were Processed Fish ($13.9M), Rubber Tires ($7.52M), and Other Vegetable Oils ($6.68M). During the last 5 years the exports of Ecuador to Venezuela have increased at an annualized rate of 5.11%, from $49.5M in 2022 to $63.5M in 2017.

Exports from Venezuela () to Ecuador () (2022)

Exports from Ecuador () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Venezuela than Ecuador included Turkey ($597M), Brazil ($361M), and Lebanon ($150M).

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

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

Comparative Advantage Venezuela - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Ecuador in the exports of Animal Products ($37.6M), Metals ($2.15M), and Chemical Products ($2.11M).

During 2017, Ecuador had a large net trade with Venezuela in the exports of Foodstuffs ($20.1M), Plastics and Rubbers ($13.6M), and Animal and Vegetable Bi-Products ($7.36M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Ecuador () (2022)

Exports from Ecuador () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Ecuador () (2022)

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