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

About

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 36.6%, from $94.4M in 2017 to $449M in 2022.

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

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.

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

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $18.7M and imported $33M from Canada, resulting in a negative trade balance of $14.3M. Between December 2020 and December 2021 the exports of Ecuador have increased by $5.73M (44.2%) from $13M to $18.7M, while imports increased by $13.5M (68.9%) from $19.5M to $33M.

Trade In December 2021, the top exports of Ecuador to Canada were Cut Flowers ($29M), Cocoa Beans ($4.3M), Crustaceans ($1.39M), Frozen Vegetables ($596k), and Cocoa Paste ($461k). In December 2021 the top imports of Ecuador from Canada were Wheat ($14.7M), Metal Molds ($1.09M), Dried Legumes ($786k), Video Cameras ($432k), and Packaged Medicaments ($259k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($18.3M), Quito ($326k), Guayaquil-Aéreo ($113k), and Puerto Bolívar ($12.5k), while imports destinations were mainly Manta ($19.6M), Guayaquil-Marítimo ($11.3M), Quito ($1.58M), Guayaquil-Aéreo ($278k), and Cuenca ($174k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Canada was explained primarily by an increase in product exports in Cut Flowers ($18.1M or 166%), Cocoa Beans ($3.86M or 871%), and Cocoa Paste ($287k or 164%). In December 2021, the increase in Ecuador's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Wheat ($9.86M or 202%), Other Edible Preparations ($157k or 333%), and Packaged Medicaments ($139k or 116%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$5.73M(44.2%)
IMPORT GROWTH (December 2020 - December 2021)$13.5M(68.9%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$18.3M

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

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

For full datasets download visit Bulk Download page.

Explore Canada and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 36.6%, from $94.4M in 2017 to $449M in 2022.

In 2017, 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 2022 to $568M in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Ecuador - Canada

Flow
Scale

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

During 2022, Ecuador had a large net trade with Canada in the exports of Mineral Products ($244M), Foodstuffs ($74.2M), and Vegetable Products ($66M).

During 2017, Canada had a large net trade with Ecuador in the exports of Vegetable Products ($352M), Mineral Products ($130M), and Machines ($23M).

Potential Exports

Potential Exports

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

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.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Ecuador (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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