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2023
Flag → Flag
Exports $339MRnk 17 / 174
2023
Flag → Flag
Top Product $302MCocoa Beans
2023
Flag → Flag
Exports $99.3MRnk 92 / 221
2023
Flag → Flag
Top Product $32.2MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Ecuador-Malaysia Trade: In 2023, Ecuador exported $339M to Malaysia. The main products that Ecuador exported to Malaysia were Cocoa Beans ($302M), Crustaceans ($20.6M), and Scrap Aluminium ($3.72M). Over the past 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 21%, from $131M in 2018 to $339M in 2023.

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

Malaysia-Ecuador Trade: In 2023, Malaysia exported $99.3M to Ecuador. The main products that Malaysia exported to Ecuador were Refined Petroleum ($32.2M), Nitrogenous Fertilizers ($8.65M), and Float Glass ($4.06M). Over the past 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 7.44%,  from $69.4M in 2018 to $99.3M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $13.8M and imported $5.62M from Malaysia, resulting in a positive trade balance of $8.18M. Between December 2020 and December 2021 the exports of Ecuador have increased by $8.44M (157%) from $5.36M to $13.8M, while imports increased by $799k (16.6%) from $4.83M to $5.62M.

Trade In December 2021, the top exports of Ecuador to Malaysia were Cocoa Beans ($2.04M), Crustaceans ($1.58M), Scrap Aluminium ($397k), Other Fruits ($184k), and Cut Flowers ($57.3k). In December 2021 the top imports of Ecuador from Malaysia were Rubber Apparel ($586k), Computers ($452k), Telephones ($398k), Bi-Wheel Vehicle Parts ($335k), and Medical Instruments ($311k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($13.7M) and Quito ($72.6k), while imports destinations were mainly Guayaquil-Marítimo ($4.59M), Quito ($820k), Guayaquil-Aéreo ($170k), Tulcán ($34.8k), and Huaquillas ($10.4k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Scrap Aluminium ($271k or 214%). In December 2021, the increase in Ecuador's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Computers ($229k or 103%), Bi-Wheel Vehicle Parts ($152k or 83%), and Other Rubber Products ($55.8k or 143%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$8.44M(157%)
IMPORT GROWTH (December 2020 - December 2021)$799k(16.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$13.7M

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 Malaysia 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 $339M to Malaysia. The main products exported from Ecuador to Malaysia were Cocoa Beans ($302M), Crustaceans ($20.6M), and Scrap Aluminium ($3.72M). During the last 5 years the exports of Ecuador to Malaysia have increased at an annualized rate of 21%, from $131M in 2018 to $339M in 2023.

In 2018, Malaysia exported $99.3M to Ecuador. The main products exported from Malaysia to Ecuador were Refined Petroleum ($32.2M), Nitrogenous Fertilizers ($8.65M), and Float Glass ($4.06M). During the last 5 years the exports of Malaysia to Ecuador have increased at an annualized rate of 7.44%, from $69.4M in 2023 to $99.3M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Ecuador than Malaysia included Panama ($4.38B), Chile ($1.11B), and Peru ($1.15B).

In 2023, countries that imported more from Malaysia than Ecuador included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Ecuador - Malaysia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Malaysia in the exports of Foodstuffs ($304M), Animal Products ($20.7M), and Metals ($6.53M).

During 2018, Malaysia had a large net trade with Ecuador in the exports of Mineral Products ($32.8M), Machines ($22M), and Chemical Products ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Malaysia+$11.4MCrustaceans
Top Product Potential Malaysia Ecuador+$3.33MPalm Oil

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

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

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