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Pricing

2022
Flag → Flag
Exports $28.3MRnk 61 / 170
2022
Flag → Flag
Top Product $19.8MBananas
2022
Flag → Flag
Exports $1.59MRnk 96 / 156
2022
Flag → Flag
Top Product $1.27MElectrical Transformers
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Ecuador-Kuwait Trade: In 2022, Ecuador exported $28.3M to Kuwait. The main products that Ecuador exported to Kuwait were Bananas ($19.8M), Cut Flowers ($7.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($204k). Over the past 5 years the exports of Ecuador to Kuwait have increased at an annualized rate of 2.97%, from $24.5M in 2017 to $28.3M in 2022.

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

Kuwait-Ecuador Trade: In 2022, Kuwait exported $1.59M to Ecuador. The main products that Kuwait exported to Ecuador were Electrical Transformers ($1.27M), Liquid Pumps ($232k), and Sodium or Potassium Peroxides ($46.6k). Over the past 5 years the exports of Kuwait to Ecuador have increased at an annualized rate of 42.4%,  from $272k in 2017 to $1.59M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Kuwait, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Kuwait were Cut Flowers ($12.3M), Bananas ($1.19M), Other Processed Vegetables ($16.6k), and Plant foliage ($713). In N/A the top imports of Ecuador from Kuwait were Transmissions ($67.2).

Origins In N/A the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.74M) and Quito ($203k), while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Bananas ($-815k or -40.6%) and Plant foliage ($-1.83k or -72%). In N/A, the N/A in Ecuador's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)Guayaquil-Marítimo$1.74M

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Kuwait and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $28.3M to Kuwait. The main products exported from Ecuador to Kuwait were Bananas ($19.8M), Cut Flowers ($7.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($204k). During the last 5 years the exports of Ecuador to Kuwait have increased at an annualized rate of 2.97%, from $24.5M in 2017 to $28.3M in 2022.

In 2017, Kuwait exported $1.59M to Ecuador. The main products exported from Kuwait to Ecuador were Electrical Transformers ($1.27M), Liquid Pumps ($232k), and Sodium or Potassium Peroxides ($46.6k). During the last 5 years the exports of Kuwait to Ecuador have increased at an annualized rate of 42.4%, from $272k in 2022 to $1.59M in 2017.

Exports from Ecuador (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Ecuador than Kuwait included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Kuwait than Ecuador included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Kuwait

Flow
Scale

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

During 2022, Ecuador had a large net trade with Kuwait in the exports of Vegetable Products ($27.6M), Foodstuffs ($380k), and Transportation ($204k).

During 2017, Kuwait had a large net trade with Ecuador in the exports of Machines ($1.52M), Chemical Products ($46.6k), and Metals ($19.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Kuwait+$180kConfectionery Sugar
Top Product Potential Kuwait Ecuador+$135kLiquid Pumps

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

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

Product Space of Ecuador (Flag) and Kuwait (Flag) (2022)

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