Ecuador-Venezuela Bilateral Trade Analysis 2023
Complete trade statistics: $94.70M total volume •Ecuador surplus: $11.78M
Ecuador → Venezuela
$53.24M
Exports (2023)
Venezuela → Ecuador
$41.46M
Imports (2023)
Trade Balance
$11.78M
Surplus for Ecuador
Total Trade
$94.70M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ecuador and Venezuela. Green line shows exports from Ecuador, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Ecuador-Venezuela commercial relationship and competitive positioning in global markets.
Ecuador → Venezuela Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ecuador's export portfolio to Venezuela demonstrates strategic specialization, with fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) representing a key competitive advantage in this bilateral market.
Venezuela → Ecuador Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ecuador's import pattern from Venezuela reveals strategic sourcingin fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ecuador demonstrates competitive strength in exportingfish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) to Venezuela, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $94.70M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Ecuador-Venezuela Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $94.70 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Ecuador maintains a surplus of $11.78 million
- Export Focus: Ecuador's primary exports include fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, plastics: of polymers of propylene, plates, sheets, film, foil and strip (not self-adhesive), non-cellular and not reinforced, laminated, supported or similarly combined with other materials
- Import Dependencies: Key imports from Venezuela include fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fish: frozen, skipjack or stripe-bellied bonito, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, aluminium: alloys, wire, maximum cross-sectional dimension exceeding 7mm
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $94.70M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Ecuador leveraging its comparative advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Ecuador's specialization in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)complements Venezuela's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $94.70M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $94.70M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $94.70 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) and fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ecuador's trade surplus of $11.78 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Ecuador and Venezuela represents a total trade volume of $94.70 million in 2023. This partnership demonstrates a favorable trade balance for Ecuador, with exports exceeding importsby $11.78 million.
Export Strengths
Ecuador's exports to Venezuela total $53.24 million, with competitive advantages in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), representing $9.04M or17.0% of bilateral exports.
Import Dependencies
Imports from Venezuela amount to $41.46 million, highlighting economic interdependence in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, with Fish: frozen, yellowfin tunas (Thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 comprising74.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Ecuador's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Ecuador and Venezuela in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023