Ecuador

ECON COMPLEXITY (2018)

-0.7

RANK 102 OF 137

PRODUCT EXPORTS (2018)

$22.1B

RANK 70 OF 222

EXPORTS PER CAPITA (2018)

$1.3K

RANK 180 OF 219

PRODUCT IMPORTS (2018)

$23.1B

RANK 72 OF 221

IMPORTS PER CAPITA (2018)

$1.35K

RANK 199 of 219

SERVICE EXPORTS (2017)

$2.3B

RANK 87 OF 139

SERVICE IMPORTS (2017)

$3.19B

RANK 78 OF 139

GDP (2018)

$108B

CURRENT US$
RANK 59 OF 196

GDP GROWTH (2008-2018)

75.5%

CURRENT US$
RANK 49 OF 196

GDP PC (2018)

$6,345

CURRENT US$
RANK 98 OF 196

GDP PC GROWTH (2008-2018)

49.3%

Overview: In 2018 Ecuador was the number 59 economy in the world in terms of GDP (current US$), the number 70 in total exports, the number 72 in total imports, and the number 102 most complex economy according to the Economic Complexity Index (ECI). In 2018, Ecuador exported $22.1B and imported $23.1B, resulting in a negative trade balance of -$916M. In 2018, Ecuador’s exports per capita were $1.3k and its imports per capita were $1.35k.

Trade: The top exports of Ecuador are Crude Petroleum ($7.97B), Bananas ($3.37B), Crustaceans ($3.24B), Processed Fish ($1.23B), and Refined Petroleum ($947M). The top imports of Ecuador are Refined Petroleum ($2.89B), Coal Tar Oil ($1.31B), Cars ($1.15B), Packaged Medicaments ($554M), and Petroleum Gas ($514M).

Destinations: Ecuador exports mostly to United States ($6.69B), Peru($1.66B), China ($1.5B), Chile ($1.49B), and Panama ($1.24B), and imports mostly from United States ($5.31B), China ($4.11B), Colombia($1.86B), Panama ($1.06B), and Brazil ($920M).

Location: Ecuador borders Colombia and Peru by land and Costa Rica by sea.

Exports

In 2018 Ecuador exported a total of $22.1B, making it the number 70 exporter in the world. During the last five reported years the exports of Ecuador have changed by -$4.74B from $26.9B in 2013 to $22.1B in 2018.

The most recent exports are led by Crude Petroleum ($7.97B), Bananas ($3.37B), Crustaceans ($3.24B), Processed Fish ($1.23B), and Refined Petroleum ($947M).

Imports

In 2018 Ecuador imported $23.1B, making it the number 72 trade destination in the world. During the last five reported years the imports of Ecuador changed by -$3.67B from $26.7B in 2013 to $23.1B in 2018.

The most recent imports of Ecuador are led by Refined Petroleum ($2.89B), Coal Tar Oil ($1.31B), Cars ($1.15B), Packaged Medicaments ($554M), and Petroleum Gas ($514M).

Destinations

The most common destination for the exports of Ecuador are United States ($6.69B), Peru ($1.66B), China ($1.5B), Chile ($1.49B), and Panama ($1.24B).

Origins

The most common import partners for Ecuador are United States ($5.31B), China ($4.11B), Colombia ($1.86B), Panama ($1.06B), and Brazil ($920M).