Georgia (GEO) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Georgia-Ecuador Trade: In 2022, Georgia exported $325k to Ecuador. The main products that Georgia exported to Ecuador were Interior Decorative Glassware ($57k), Float Glass ($46.8k), and Industrial Printers ($30.6k). Over the past 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.5%, from $673k in 2017 to $325k in 2022.

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

Ecuador-Georgia Trade: In 2022, Ecuador exported $41.7M to Georgia. The main products that Ecuador exported to Georgia were Bananas ($36.4M), Cut Flowers ($3.44M), and Crustaceans ($1.51M). Over the past 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 6.17%, from $19.2M in 2017 to $41.7M in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $325k to Ecuador. The main products exported from Georgia to Ecuador were Interior Decorative Glassware ($57k), Float Glass ($46.8k), and Industrial Printers ($30.6k). During the last 5 years the exports of Georgia to Ecuador have decreased at an annualized rate of 13.5%, from $673k in 2017 to $325k in 2022.

In 2017, Ecuador exported $41.7M to Georgia. The main products exported from Ecuador to Georgia were Bananas ($36.4M), Cut Flowers ($3.44M), and Crustaceans ($1.51M). During the last 5 years the exports of Ecuador to Georgia have increased at an annualized rate of 6.17%, from $19.2M in 2022 to $41.7M in 2017.

Exports from Georgia () to Ecuador () (2022)

Exports from Ecuador () to Georgia () (2022)

Latest Data

Trade between Georgia () and Ecuador ()

Georgia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Georgia than Ecuador included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Difference in imports from Ecuador () and Georgia () (2022)

Comparative Advantage Georgia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Ecuador in the exports of Stone And Glass ($104k), Machines ($103k), and Textiles ($62.7k).

During 2017, Ecuador had a large net trade with Georgia in the exports of Vegetable Products ($39.9M), Animal Products ($1.55M), and Foodstuffs ($265k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Ecuador+$3.02kRefined Petroleum

Top Product Potential Ecuador Georgia+$3.5kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Ecuador () (2022)

Exports from Ecuador () to Georgia () (2022)

Latest Data

Trade between Georgia () and Ecuador ()

Georgia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Georgia () (2022)

Comparative Advantage Georgia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Ecuador () (2022)

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