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Pricing

2022
Flag → Flag
Exports $11.8MRnk 80 / 170
2022
Flag → Flag
Top Product $4.46MCocoa Beans
2022
Flag → Flag
Exports $32.1MRnk 55 / 188
2022
Flag → Flag
Top Product $16.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Ecuador-Estonia Trade: In 2022, Ecuador exported $11.8M to Estonia. The main products that Ecuador exported to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). Over the past 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2017 to $11.8M in 2022.

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

Estonia-Ecuador Trade: In 2022, Estonia exported $32.1M to Ecuador. The main products that Estonia exported to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). Over the past 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%,  from $3.43M in 2017 to $32.1M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.07M and imported $29.3k from Estonia, resulting in a positive trade balance of $1.04M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-4.01M (-79%) from $5.08M to $1.07M, while imports decreased by $-2.71M (-98.9%) from $2.74M to $29.3k.

Trade In December 2021, the top exports of Ecuador to Estonia were Cocoa Beans ($3.26M), Cut Flowers ($88k), Jams ($53.7k), and Other Edible Preparations ($8.36k). In December 2021 the top imports of Ecuador from Estonia were Hydrometers ($6.77k), Excavation Machinery ($4.15k), Pickled Foods ($3.79k), Electrical Transformers ($1.84k), and Centrifuges ($1.8k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($1.07M) and Quito ($320), while imports destinations were mainly Guayaquil-Marítimo ($22.4k), Quito ($5.39k), and Guayaquil-Aéreo ($1.52k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Cut Flowers ($-128k or -59.3%) and Jams ($-1.3k or -2.36%). In December 2021, the decrease in Ecuador's year-by-year imports  from Estonia was explained primarily by an decrease in product imports  in Excavation Machinery ($-466 or -10.1%), Motor vehicles; parts and accessories (8701... ($-323 or -78.7%), and Electrical Transformers ($-98.4 or -5.08%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-4.01M(-79%)
IMPORT GROWTH (December 2020 - December 2021)$-2.71M(-98.9%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$1.07M

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 Estonia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Estonia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $11.8M to Estonia. The main products exported from Ecuador to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). During the last 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2017 to $11.8M in 2022.

In 2017, Estonia exported $32.1M to Ecuador. The main products exported from Estonia to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). During the last 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%, from $3.43M in 2022 to $32.1M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Ecuador included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Ecuador - Estonia

Flow
Scale

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

During 2022, Ecuador had a large net trade with Estonia in the exports of Foodstuffs ($7.79M), Vegetable Products ($3.05M), and Animal Products ($712k).

During 2017, Estonia had a large net trade with Ecuador in the exports of Mineral Products ($26.9M), Chemical Products ($3.09M), and Foodstuffs ($1.57M).

Potential Exports

Potential Exports

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

N/A

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Economic Complexity

Competitive Landscape

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

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

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