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Pricing

2023
Flag → Flag
Exports $8.39MRnk 90 / 174
2023
Flag → Flag
Top Product $7.65MBananas
2023
Flag → Flag
Exports $1.69MRnk 72 / 157
2023
Flag → Flag
Top Product $1.51MIndustrial Printers
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Ecuador-Iceland Trade: In 2023, Ecuador exported $8.39M to Iceland. The main products that Ecuador exported to Iceland were Bananas ($7.65M), Processed Fish ($219k), and Fish Oil ($211k). Over the past 5 years the exports of Ecuador to Iceland have increased at an annualized rate of 8.76%, from $5.51M in 2018 to $8.39M in 2023.

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

Iceland-Ecuador Trade: In 2023, Iceland exported $1.69M to Ecuador. The main products that Iceland exported to Ecuador were Industrial Printers ($1.51M), Machinery Having Individual Functions ($124k), and Electrical Control Boards ($15.6k). Over the past 5 years the exports of Iceland to Ecuador have increased at an annualized rate of 60.1%,  from $160k in 2018 to $1.69M in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Iceland, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Iceland were Fish Oil ($56.8k). In N/A the top imports of Ecuador from Iceland were Other Vinyl Polymers ($11.9k), Fish Oil ($6.19k), and Ball Bearings ($33).

Origins In N/A the exports of Ecuador were mainly from N/A, while imports destinations were mainly Quito ($2.44k).

Growth In N/A, the N/A in Ecuador's year-by-year exports to Iceland was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Iceland 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 $8.39M to Iceland. The main products exported from Ecuador to Iceland were Bananas ($7.65M), Processed Fish ($219k), and Fish Oil ($211k). During the last 5 years the exports of Ecuador to Iceland have increased at an annualized rate of 8.76%, from $5.51M in 2018 to $8.39M in 2023.

In 2018, Iceland exported $1.69M to Ecuador. The main products exported from Iceland to Ecuador were Industrial Printers ($1.51M), Machinery Having Individual Functions ($124k), and Electrical Control Boards ($15.6k). During the last 5 years the exports of Iceland to Ecuador have increased at an annualized rate of 60.1%, from $160k in 2023 to $1.69M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2023, countries that imported more from Iceland than Ecuador included Netherlands ($1.97B), Norway ($444M), and Germany ($771M).

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

Comparative Advantage Ecuador - Iceland

Flow
Scale

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

During 2023, Ecuador had a large net trade with Iceland in the exports of Vegetable Products ($7.77M), Foodstuffs ($293k), and Animal and Vegetable Bi-Products ($211k).

During 2018, Iceland had a large net trade with Ecuador in the exports of Machines ($1.65M), Instruments ($13.7k), and Animal and Vegetable Bi-Products ($9.33k).

Economic Complexity

Competitive Landscape

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

Product Space of Ecuador (Flag) and Iceland (Flag) (2023)

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