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2022
Flag → Flag
Exports $568MRnk 41 / 215
2022
Flag → Flag
Top Product $320MWheat
2022
Flag → Flag
Exports $449MRnk 13 / 170
2022
Flag → Flag
Top Product $125MPrecious Metal Ore
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Canada-Ecuador Trade: In 2022, Canada exported $568M to Ecuador. The main products that Canada exported to Ecuador were Wheat ($320M), Refined Petroleum ($127M), and Dried Legumes ($25.8M). Over the past 5 years the exports of Canada to Ecuador have increased at an annualized rate of 13.9%, from $297M in 2017 to $568M in 2022.

In 2020, Canada exported services to Ecuador worth $6.71M, with Construction services ($4.47M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

Ecuador-Canada Trade: In 2022, Ecuador exported $449M to Canada. The main products that Ecuador exported to Canada were Precious Metal Ore ($125M), Crude Petroleum ($118M), and Cocoa Beans ($46.1M). Over the past 5 years the exports of Ecuador to Canada have increased at an annualized rate of 9.61%,  from $94.4M in 2017 to $449M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$45.9M and imported C$63.6M from Ecuador, resulting in a negative trade balance of C$17.7M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-14.3M (-23.8%) from C$60.2M to C$45.9M, while imports increased by C$14.3M (29.1%) from C$49.2M to C$63.6M.

Trade In August 2024, the top exports of Canada to Ecuador were Wheat (C$37.7M), Dried Legumes (C$1.66M), Commodities not elsewhere specified (C$768k), Newsprint (C$480k), and Electrical Control Boards (C$351k). In August 2024 the top imports of Canada from Ecuador were Precious Metal Ore (C$21.3M), Bananas (C$9.4M), Cocoa Beans (C$8.42M), Crustaceans (C$3.66M), and Cut Flowers (C$3.65M).

Origins In August 2024 the exports of Canada were mainly from Saskatchewan (C$23.3M), Alberta (C$10.5M), Manitoba (C$5.65M), Ontario (C$3.42M), and Quebec (C$2.05M), while imports destinations were mainly Quebec (C$42.9M), Ontario (C$12.7M), British Columbia (C$4.73M), Alberta (C$1.74M), and Manitoba (C$862k).

Growth In August 2024, the decrease in Canada's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Peat (C$-2.53M or -94.1%), Other Uncoated Paper (C$-774k or -75.2%), and Dried Legumes (C$-609k or -26.9%). In August 2024, the increase in Canada's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Precious Metal Ore (C$15.8M or 285%), Cocoa Beans (C$3.28M or 63.7%), and Bananas (C$3.13M or 50%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-14.3M(-23.8%)
IMPORT GROWTH (August 2023 - August 2024)C$14.3M(29.1%)
MAIN EXPORTER (August 2024)SaskatchewanC$23.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Ecuador and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $568M to Ecuador. The main products exported from Canada to Ecuador were Wheat ($320M), Refined Petroleum ($127M), and Dried Legumes ($25.8M). During the last 5 years the exports of Canada to Ecuador have increased at an annualized rate of 13.9%, from $297M in 2017 to $568M in 2022.

In 2017, Ecuador exported $449M to Canada. The main products exported from Ecuador to Canada were Precious Metal Ore ($125M), Crude Petroleum ($118M), and Cocoa Beans ($46.1M). During the last 5 years the exports of Ecuador to Canada have increased at an annualized rate of 9.61%, from $94.4M in 2022 to $449M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Canada than Ecuador included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Ecuador than Canada included Panama ($4.97B), Russia ($994M), and Chile ($1.34B).

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

Comparative Advantage Canada - Ecuador

Flow
Scale

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

During 2022, Canada had a large net trade with Ecuador in the exports of Vegetable Products ($352M), Mineral Products ($130M), and Machines ($23M).

During 2017, Ecuador had a large net trade with Canada in the exports of Mineral Products ($244M), Foodstuffs ($74.2M), and Vegetable Products ($66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Ecuador+$41.5MRefined Petroleum
Top Product Potential Ecuador Canada+$107MCrude 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

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

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

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