Sign In
Pricing

2022
Flag → Flag
Exports $63.5MRnk 44 / 170
2022
Flag → Flag
Top Product $13.9MProcessed Fish
2022
Flag → Flag
Exports $44.1MRnk 17 / 126
2022
Flag → Flag
Top Product $37.4MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

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.

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.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $5.91M and imported $3.21M from Venezuela, resulting in a positive trade balance of $2.7M. Between December 2020 and December 2021 the exports of Ecuador have increased by $2.65M (81.1%) from $3.26M to $5.91M, while imports increased by $1.01M (45.9%) from $2.2M to $3.21M.

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.86M) and Manta ($2.05M), while imports destinations were mainly Manta ($2.98M), Quito ($194k), and Guayaquil-Marítimo ($39.9k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Raw Plastic Sheeting ($286k or 3.86k%). In December 2021, the increase in Ecuador's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Non-woven Textiles ($134k or 487%) and Heavy Pure Woven Cotton ($5k or 5.96%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$2.65M(81.1%)
IMPORT GROWTH (December 2020 - December 2021)$1.01M(45.9%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$3.86M

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 Venezuela and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Ecuador Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $63.5M in 2022.

In 2017, 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 2022 to $44.1M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Venezuela
Top DestinationChina$703M

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

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

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

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

Comparative Advantage Ecuador - Venezuela

Flow
Scale

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

During 2022, 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).

During 2017, Venezuela had a large net trade with Ecuador in the exports of Animal Products ($37.6M), Metals ($2.15M), and Chemical Products ($2.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Venezuela+N/AN/A
Top Product Potential Venezuela Ecuador+N/AN/A

N/A

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms