2022
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GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
30.9%CURRENT US$
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2022
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 GDP
$427MCURRENT US$
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2012-2022
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GDP GROWTH
30.5%CURRENT US$
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2022
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GDP PC 
$6,391CURRENT US$
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2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
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2022
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GDP PC
$3,741CURRENT US$
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2012-2022
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GDP PC GROWTH
23.7%CURRENT US$
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About

Ecuador-Micronesia In 2013, Ecuador exported $3.47k to Micronesia. The main products that Ecuador exported to Micronesia are N/A. During the last 10 years the exports of Ecuador to Micronesia have decreased at an annualized rate of 24.2%, from $55.1k in 2003 to $3.47k in 2013.

In 2013, Ecuador did not export any services to Micronesia.

Micronesia-Ecuador In 2013, Micronesia exported $3.47M to Ecuador. The main products that Micronesia exported to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). During the last 10 years the exports of Micronesia to Ecuador have increased at an annualized rate of 11.5%, from $1.17M in 2003 to $3.47M in 2013.

In 2013, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2013, Ecuador exported $3.47k to Micronesia. There were not main exports from Ecuador to Micronesia in 2013. During the last 10 years the exports of Ecuador to Micronesia have decreased at an annualized rate of 24.2%, from $55.1k in 2003 to $3.47k in 2013.

In 2022, Micronesia exported $3.47M to Ecuador. The main products exported from Micronesia to Ecuador were Non-fillet Frozen Fish ($3.41M) and Other Inedible Animal Products ($60.8k). During the last 14 years the exports of Micronesia to Ecuador have increased at an annualized rate of 11.5%, from $1.17M in 2008 to $3.47M in 2022.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Micronesia
Top Destination
Thailand$143M

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

In 2021, countries that imported more from Ecuador than Micronesia were United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2021, countries that imported more from Micronesia than Ecuador were Thailand ($143M), Philippines ($22.7M), and Fiji ($1.5M).

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

Comparative Advantage Ecuador - Micronesia

Flow
Scale

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

During 2013, Ecuador had a large net trade with Micronesia in the exports of .

During 2022, Micronesia had a large net trade with Ecuador in the exports of Animal Products ($3.47M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ecuador has comparative advantage over Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Ecuador.

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

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