2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Australia-Ecuador Trade: In 2022, Australia exported $58.2M to Ecuador. The main products that Australia exported to Ecuador were Electrical Control Boards ($18.2M), Barley ($11.9M), and Lifting Machinery ($7.2M). Over the past 5 years the exports of Australia to Ecuador have increased at an annualized rate of 19.9%, from $23.5M in 2017 to $58.2M in 2022.

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

Ecuador-Australia Trade: In 2022, Ecuador exported $18.5M to Australia. The main products that Ecuador exported to Australia were Cut Flowers ($11M), Cocoa Paste ($2.27M), and Coffee ($546k). Over the past 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 3.33%,  from $22.7M in 2017 to $18.5M in 2022.

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

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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, Australia exported $58.2M to Ecuador. The main products exported from Australia to Ecuador were Electrical Control Boards ($18.2M), Barley ($11.9M), and Lifting Machinery ($7.2M). During the last 5 years the exports of Australia to Ecuador have increased at an annualized rate of 19.9%, from $23.5M in 2017 to $58.2M in 2022.

In 2017, Ecuador exported $18.5M to Australia. The main products exported from Ecuador to Australia were Cut Flowers ($11M), Cocoa Paste ($2.27M), and Coffee ($546k). During the last 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 3.33%, from $22.7M in 2022 to $18.5M in 2017.

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

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

Latest Data

Trade between Australia (Flag) and Ecuador (Flag)

Australia Exports

Ecuador Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Australia than Ecuador included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Ecuador than Australia included Panama ($4.97B), Colombia ($1.07B), and Russia ($994M).

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

Comparative Advantage Australia - Ecuador

Flow
Scale

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

During 2022, Australia had a large net trade with Ecuador in the exports of Machines ($34.7M), Vegetable Products ($14.5M), and Chemical Products ($3.07M).

During 2017, Ecuador had a large net trade with Australia in the exports of Vegetable Products ($12.4M), Foodstuffs ($4.37M), and Machines ($687k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Ecuador+$1.04MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Ecuador Australia+$1.29MOther Processed Fruits and Nuts

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

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

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