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2022
Flag → Flag
Exports $1.23MRnk 20 / 0
2022
Flag → Flag
Exports $1.1MRnk 74 / 130
2022
Flag → Flag
Top Product $761kMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Ecuador-Iran Trade: In 2022, Ecuador exported $1.23M 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 55.1%, from $67.6M in 2017 to $1.23M in 2022.

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

Iran-Ecuador Trade: In 2022, Iran exported $1.1M to Ecuador. The main products that Iran exported to Ecuador were Medical Instruments ($761k), Computers ($188k), and Chemical Analysis Instruments ($47.1k). Over the past 5 years the exports of Iran to Ecuador have increased at an annualized rate of 2.78%,  from $963k in 2017 to $1.1M in 2022.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

April, 2019

About

Overview In April 2019, Ecuador exported $86.4 and imported $14.5k from Iran, resulting in a negative trade balance of $14.4k. Between April 2018 and April 2019 the exports of Ecuador have decreased by $-4.77M (-100%) from $4.77M to $86.4, while imports increased by $13.5k (1.48k%) from $913 to $14.5k.

Trade In April 2019, the top exports of Ecuador to Iran were . In April 2019 the top imports of Ecuador from Iran were Chemical Analysis Instruments ($10.1k), Commodities not elsewhere specified ($1.83k), Blank Audio Media ($1.69k), Spices ($873), and Centrifuges ($108).

Origins In April 2019 the exports of Ecuador were mainly from N/A, while imports destinations were mainly Quito ($10.8k), Guayaquil-Marítimo ($3.65k), and Guayaquil-Aéreo ($22.1).

Growth In April 2019, the decrease in Ecuador's year-by-year exports to Iran was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Iran was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (April 2018 - April 2019)$-4.77M(-100%)
IMPORT GROWTH (December 2020 - December 2021)$13.5k(1.48k%)

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 Iran 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 2022, Ecuador exported $1.23M to Iran. There were not main exports from Ecuador to Iran in 2022. During the last 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 55.1%, from $67.6M in 2017 to $1.23M in 2022.

In 2018, Iran exported $1.1M to Ecuador. The main products exported from Iran to Ecuador were Medical Instruments ($761k), Computers ($188k), and Chemical Analysis Instruments ($47.1k). During the last 5 years the exports of Iran to Ecuador have increased at an annualized rate of 2.78%, from $963k in 2023 to $1.1M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Iran
Top DestinationChina$4.59B

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 2023, countries that imported more from Ecuador than Iran included United States ($8.34B), Panama ($4.38B), and China ($7.96B).

In 2023, countries that imported more from Iran than Ecuador included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

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

Comparative Advantage Ecuador - Iran

Flow
Scale

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

During 2022, Ecuador had a large net trade with Iran in the exports of .

During 2018, Iran had a large net trade with Ecuador in the exports of Instruments ($833k), Machines ($217k), and Chemical Products ($32.6k).

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) (2023)

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