Flag Ecuador / India Flag

2021
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Exports
: $669M, Rnk 9 / 170

2021
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Top Product
: $569M, Crude Petroleum

2021
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Exports
: $385M, Rnk 94 / 214

2021
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Top Product
: $40.4M, Cars

2021
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Economic Complexity (ECI)
: ECI -0.89, Rnk 104 / 131

2021
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Economic Complexity (ECI)
: ECI 0.61, Rnk 41 / 131

2021
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GDP
: $106B, CURRENT US$
Rnk 60 / 182

2011-2021
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GDP GROWTH
: 33.9%, CURRENT US$
Rnk 79 / 182

2021
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 GDP
: $3.17T, CURRENT US$
Rnk 6 / 182

2011-2021
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GDP GROWTH
: 74.1%, CURRENT US$
Rnk 26 / 182

2021
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GDP PC 
: $5,935, CURRENT US$
Rnk 92 / 182

2011-2021
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GDP PC GROWTH
: 14.1%, CURRENT US$
Rnk 90 / 182

2021
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GDP PC
: $2,277, CURRENT US$
Rnk 137 / 182

2011-2021
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GDP PC GROWTH
: 56.2%, CURRENT US$
Rnk 20 / 182

Ecuador-India In 2021, Ecuador exported $669M to India. The main products that Ecuador exported to India are Crude Petroleum ($569M), Rough Wood ($48.4M), and Gold ($15.8M). During the last 26 years the exports of Ecuador to India have increased at an annualized rate of 22.8%, from $3.19M in 1995 to $669M in 2021.

In 2021, Ecuador did not export any services to India.

India-Ecuador In 2021, India exported $385M to Ecuador. The main products that India exported to Ecuador were Cars ($40.4M), Packaged Medicaments ($39.6M), and Motorcycles and cycles ($28.6M). During the last 26 years the exports of India to Ecuador have increased at an annualized rate of 16.9%, from $6.58M in 1995 to $385M in 2021.

In 2021, India did not export any services to Ecuador.

Comparison In 2021,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.89), and 68 in total exports ($27.3B). That same year, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Ecuador exported $669M to India. The main products exported from Ecuador to India were Crude Petroleum ($569M), Rough Wood ($48.4M), and Gold ($15.8M). During the last 26 years the exports of Ecuador to India have increased at an annualized rate of 22.8%, from $3.19M in 1995 to $669M in 2021.

In 2021, India exported $385M to Ecuador. The main products exported from India to Ecuador were Cars ($40.4M), Packaged Medicaments ($39.6M), and Motorcycles and cycles ($28.6M). During the last 26 years the exports of India to Ecuador have increased at an annualized rate of 16.9%, from $6.58M in 1995 to $385M in 2021.

Market Competitiveness

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Color

Ecuador
Top Destination
: United States, $6.5B

India
Top Destination
: United States, $71.2B

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

In 2021, countries that imported more from Ecuador than India were Panama ($3.95B), Aruba ($10.4M), and American Samoa ($1.31M).

In 2021, countries that imported more from India than Ecuador were United States ($71.2B), United Arab Emirates ($25.4B), and China ($23.1B).

Comparative Advantage Ecuador - India

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Flow
Scale

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

During 2021, Ecuador had a large net trade with India in the exports of Mineral Products ($569M), Wood Products ($64.5M), and Precious Metals ($17.3M).

During 2021, India had a large net trade with Ecuador in the exports of Transportation ($93.9M), Chemical Products ($92.1M), and Metals ($44.1M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ecuador has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Ecuador.