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Pricing

2022
Flag → Flag
Exports $58.9MRnk 93 / 215
2022
Flag → Flag
Top Product $8.92MLiquid Pumps
2022
Flag → Flag
Exports $34.7MRnk 58 / 170
2022
Flag → Flag
Top Product $14.5MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Singapore-Ecuador Trade: In 2022, Singapore exported $58.9M to Ecuador. The main products that Singapore exported to Ecuador were Liquid Pumps ($8.92M), Other Edible Preparations ($6.89M), and Gas and Liquid Flow Measuring Instruments ($3.87M). Over the past 5 years the exports of Singapore to Ecuador have decreased at an annualized rate of 5.13%, from $76.6M in 2017 to $58.9M in 2022.

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

Ecuador-Singapore Trade: In 2022, Ecuador exported $34.7M to Singapore. The main products that Ecuador exported to Singapore were Crustaceans ($14.5M), Cocoa Beans ($14.3M), and Other Fruits ($2.85M). Over the past 5 years the exports of Ecuador to Singapore have increased at an annualized rate of 34.2%,  from $7.98M in 2017 to $34.7M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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
Value

In 2022, Singapore exported $58.9M to Ecuador. The main products exported from Singapore to Ecuador were Liquid Pumps ($8.92M), Other Edible Preparations ($6.89M), and Gas and Liquid Flow Measuring Instruments ($3.87M). During the last 5 years the exports of Singapore to Ecuador have decreased at an annualized rate of 5.13%, from $76.6M in 2017 to $58.9M in 2022.

In 2017, Ecuador exported $34.7M to Singapore. The main products exported from Ecuador to Singapore were Crustaceans ($14.5M), Cocoa Beans ($14.3M), and Other Fruits ($2.85M). During the last 5 years the exports of Ecuador to Singapore have increased at an annualized rate of 34.2%, from $7.98M in 2022 to $34.7M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Ecuador (Flag)

Singapore Exports

Ecuador Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Singapore than Ecuador included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Ecuador than Singapore included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

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

Comparative Advantage Singapore - Ecuador

Flow
Scale

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

During 2022, Singapore had a large net trade with Ecuador in the exports of Machines ($27.2M), Instruments ($9.16M), and Foodstuffs ($7.18M).

During 2017, Ecuador had a large net trade with Singapore in the exports of Animal Products ($14.5M), Foodstuffs ($14.5M), and Vegetable Products ($4.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Ecuador+$2.74MRefined Petroleum
Top Product Potential Ecuador Singapore+$15.5MRefined Petroleum

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

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

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