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Ecuador-Iran Trade: In 2021, Ecuador exported $1.9M to Iran. The main products that Ecuador exported to Iran were N/A. Over the past 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 39.4%, from $23.3M in 2016 to $1.9M in 2021.

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

Iran-Ecuador Trade: In 2021, Iran exported $1.36M to Ecuador. The main products that Iran exported to Ecuador were N/A. Over the past 5 years the exports of Iran to Ecuador have increased at an annualized rate of 3.13%,  from $1.16M in 2016 to $1.36M in 2021.

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

Comparison In N/A,  Ecuador ranked 68 in total exports ($36B). That same year, Iran ranked 86 in total exports ($15.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Iran
Top Destination
China$5.72B

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

In 2022, countries that imported more from Ecuador than Iran included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Iran than Ecuador included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Iran+$3.42kBananas
Top Product Potential Iran Ecuador+$4kEthylene Polymers

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

Product Space of Ecuador (Flag) and Iran (Flag) (NaN)

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