Vietnam (VNM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Vietnam-Ecuador Trade: In 2022, Vietnam exported $258M to Ecuador. The main products that Vietnam exported to Ecuador were Broadcasting Equipment ($82.3M), Coffee ($37.3M), and Office Machine Parts ($15.3M). Over the past 5 years the exports of Vietnam to Ecuador have increased at an annualized rate of 5.7%, from $195M in 2017 to $258M in 2022.

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

Ecuador-Vietnam Trade: In 2022, Ecuador exported $152M to Vietnam. The main products that Ecuador exported to Vietnam were Crustaceans ($144M), Cut Flowers ($3.36M), and Animal Meal and Pellets ($1.4M). Over the past 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 36.4%, from $1.46B in 2017 to $152M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $258M to Ecuador. The main products exported from Vietnam to Ecuador were Broadcasting Equipment ($82.3M), Coffee ($37.3M), and Office Machine Parts ($15.3M). During the last 5 years the exports of Vietnam to Ecuador have increased at an annualized rate of 5.7%, from $195M in 2017 to $258M in 2022.

In 2017, Ecuador exported $152M to Vietnam. The main products exported from Ecuador to Vietnam were Crustaceans ($144M), Cut Flowers ($3.36M), and Animal Meal and Pellets ($1.4M). During the last 5 years the exports of Ecuador to Vietnam have decreased at an annualized rate of 36.4%, from $1.46B in 2022 to $152M in 2017.

Exports from Vietnam () to Ecuador () (2022)

Exports from Ecuador () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Vietnam than Ecuador included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Ecuador than Vietnam included Panama ($4.97B), Peru ($1.02B), and Colombia ($1.07B).

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

Comparative Advantage Vietnam - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Ecuador in the exports of Machines ($123M), Vegetable Products ($38.4M), and Textiles ($29.1M).

During 2017, Ecuador had a large net trade with Vietnam in the exports of Animal Products ($144M), Vegetable Products ($4.38M), and Foodstuffs ($1.45M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Ecuador+$29MTelephones

Top Product Potential Ecuador Vietnam+$1.55MAnimal Meal and Pellets

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Ecuador () (2022)

Exports from Ecuador () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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