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2023
Flag → Flag
Exports $490MRnk 14 / 174
2023
Flag → Flag
Top Product $130MPrecious Metal Ore
2023
Flag → Flag
Exports $625MRnk 36 / 215
2023
Flag → Flag
Top Product $258MWheat
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
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Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
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GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Ecuador-Canada Trade: In 2023, Ecuador exported $490M to Canada. The main products that Ecuador exported to Canada were Precious Metal Ore ($130M), Crude Petroleum ($119M), and Bananas ($50.7M). Over the past 5 years the exports of Ecuador to Canada have increased at an annualized rate of 28.1%, from $142M in 2018 to $490M in 2023.

In 2023, Ecuador did not export any services to Canada.

Canada-Ecuador Trade: In 2023, Canada exported $625M to Ecuador. The main products that Canada exported to Ecuador were Wheat ($258M), Refined Petroleum ($212M), and Potassic Fertilizers ($35.7M). Over the past 5 years the exports of Canada to Ecuador have increased at an annualized rate of 15.6%,  from $302M in 2018 to $625M in 2023.

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 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $490M to Canada. The main products exported from Ecuador to Canada were Precious Metal Ore ($130M), Crude Petroleum ($119M), and Bananas ($50.7M). During the last 5 years the exports of Ecuador to Canada have increased at an annualized rate of 28.1%, from $142M in 2018 to $490M in 2023.

In 2018, Canada exported $625M to Ecuador. The main products exported from Canada to Ecuador were Wheat ($258M), Refined Petroleum ($212M), and Potassic Fertilizers ($35.7M). During the last 5 years the exports of Canada to Ecuador have increased at an annualized rate of 15.6%, from $302M in 2023 to $625M in 2018.

Exports from Ecuador (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Ecuador than Canada included Panama ($4.38B), Russia ($924M), and Chile ($1.11B).

In 2023, countries that imported more from Canada than Ecuador included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada (Flag) and Ecuador (Flag) (2023)

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 2023, Ecuador had a large net trade with Canada in the exports of Mineral Products ($249M), Vegetable Products ($116M), and Foodstuffs ($64.7M).

During 2018, Canada had a large net trade with Ecuador in the exports of Vegetable Products ($294M), Mineral Products ($213M), and Chemical Products ($44.1M).

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) (2023)

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