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2023
Flag → Flag
Exports $231MRnk 86 / 223
2023
Flag → Flag
Top Product $72.5MCoal Tar Oil
2023
Flag → Flag
Exports $323MRnk 20 / 174
2023
Flag → Flag
Top Product $137MProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

United Kingdom-Ecuador Trade: In 2023, United Kingdom exported $231M to Ecuador. The main products that United Kingdom exported to Ecuador were Coal Tar Oil ($72.5M), Hard Liquor ($26.2M), and Cars ($22.7M). Over the past 5 years the exports of United Kingdom to Ecuador have increased at an annualized rate of 8.53%, from $154M in 2018 to $231M in 2023.

In 2023, United Kingdom did not export any services to Ecuador.

Ecuador-United Kingdom Trade: In 2023, Ecuador exported $323M to United Kingdom. The main products that Ecuador exported to United Kingdom were Processed Fish ($137M), Crustaceans ($66.2M), and Bananas ($61.8M). Over the past 5 years the exports of Ecuador to United Kingdom have increased at an annualized rate of 10%,  from $200M in 2018 to $323M in 2023.

In 2023, Ecuador did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £6.82M and imported £18.5M from Ecuador, resulting in a negative trade balance of £11.6M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £7.4k (0.11%) from £6.81M to £6.82M, while imports decreased by £-3.43M (-15.7%) from £21.9M to £18.5M.

Trade In November 2024, the top exports of United Kingdom to Ecuador were Hard Liquor (£1.26M), Brochures (£550k), Pesticides (£286k), Cars (£265k), and Gas and Liquid Flow Measuring Instruments (£212k). In November 2024 the top imports of United Kingdom from Ecuador were Processed Fish (£8.87M), Bananas (£4.32M), Crustaceans (£4.15M), Coconut and Other Vegetable Fibers (£1.07M), and Coffee and Tea Extracts (£888k).

Origins In November 2024 the exports of United Kingdom were mainly from Tyne (£1.88M), London Gateway (£1.59M), London Heathrow Airport (£1.17M), Southampton (£776k), and East Midlands Airport (£247k), while imports destinations were mainly London Gateway (£6.41M), Felixstowe (£5.39M), Liverpool (£3.44M), Dover (£1.74M), and London Heathrow Airport (£764k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Hard Liquor (£532k or 73.1%), Brochures (£290k or 112%), and Cars (£193k or 271%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Crustaceans (£-698k or -14.4%), Other Processed Fruits and Nuts (£-86.9k or -44.4%), and Frozen Fruits and Nuts (£-55.1k or -53.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£7.4k(0.11%)
IMPORT GROWTH (November 2023 - November 2024)£-3.43M(-15.7%)
MAIN EXPORTER (November 2024)Tyne£1.88M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Ecuador and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $231M to Ecuador. The main products exported from United Kingdom to Ecuador were Coal Tar Oil ($72.5M), Hard Liquor ($26.2M), and Cars ($22.7M). During the last 5 years the exports of United Kingdom to Ecuador have increased at an annualized rate of 8.53%, from $154M in 2018 to $231M in 2023.

In 2018, Ecuador exported $323M to United Kingdom. The main products exported from Ecuador to United Kingdom were Processed Fish ($137M), Crustaceans ($66.2M), and Bananas ($61.8M). During the last 5 years the exports of Ecuador to United Kingdom have increased at an annualized rate of 10%, from $200M in 2023 to $323M in 2018.

Exports from United Kingdom (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from United Kingdom than Ecuador included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

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

Difference in imports from Ecuador (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Ecuador

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Ecuador in the exports of Mineral Products ($76.7M), Chemical Products ($35.7M), and Foodstuffs ($34.6M).

During 2018, Ecuador had a large net trade with United Kingdom in the exports of Foodstuffs ($155M), Vegetable Products ($82.6M), and Animal Products ($66.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Ecuador+$11.3MPackaged Medicaments
Top Product Potential Ecuador United Kingdom+$21.8MCrustaceans

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

Product Space of United Kingdom (Flag) and Ecuador (Flag) (2023)

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