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Pricing

2022
Flag → Flag
Exports $131MRnk 99 / 224
2022
Flag → Flag
Top Product $29.7MHard Liquor
2022
Flag → Flag
Exports $283MRnk 19 / 170
2022
Flag → Flag
Top Product $111MProcessed Fish
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

United Kingdom-Ecuador Trade: In 2022, United Kingdom exported $131M to Ecuador. The main products that United Kingdom exported to Ecuador were Hard Liquor ($29.7M), Packaged Medicaments ($11.1M), and Brochures ($5.92M). Over the past 5 years the exports of United Kingdom to Ecuador have decreased at an annualized rate of 3.86%, from $159M in 2017 to $131M in 2022.

In 2022, United Kingdom did not export any services to Ecuador.

Ecuador-United Kingdom Trade: In 2022, Ecuador exported $283M to United Kingdom. The main products that Ecuador exported to United Kingdom were Processed Fish ($111M), Crustaceans ($71.2M), and Bananas ($44.8M). Over the past 5 years the exports of Ecuador to United Kingdom have increased at an annualized rate of 2.92%,  from $200M in 2017 to $283M in 2022.

In 2022, Ecuador did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

July, 2024

About

Overview In July 2024, United Kingdom exported £6M and imported £28.3M from Ecuador, resulting in a negative trade balance of £22.3M. Between July 2023 and July 2024 the exports of United Kingdom have decreased by £-1.76M (-22.7%) from £7.76M to £6M, while imports increased by £7.74M (37.6%) from £20.6M to £28.3M.

Trade In July 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 July 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 July 2024 the exports of United Kingdom were mainly from London Gateway (£2.1M), London Heathrow Airport (£2.03M), Tyne (£954k), Felixstowe (£381k), and East Midlands Airport (£179k), while imports destinations were mainly London Gateway (£10.2M), Felixstowe (£9.9M), Dover (£5.03M), Liverpool (£1.18M), and London Heathrow Airport (£801k).

Growth In July 2024, the decrease in United Kingdom's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Electric Generating Sets (£-264k or -70.5%), Acrylic Polymers (£-242k or -85.2%), and Scented Mixtures (£-105k or -94.2%). In July 2024, the increase in United Kingdom's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Bananas (£1.68M or 63.4%), Processed Fish (£1.1M or 14.2%), and Coffee and Tea Extracts (£716k or 414%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)£-1.76M(-22.7%)
IMPORT GROWTH (July 2023 - July 2024)£7.74M(37.6%)
MAIN EXPORTER (July 2024)London Gateway£2.1M

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 2022, United Kingdom exported $131M to Ecuador. The main products exported from United Kingdom to Ecuador were Hard Liquor ($29.7M), Packaged Medicaments ($11.1M), and Brochures ($5.92M). During the last 5 years the exports of United Kingdom to Ecuador have decreased at an annualized rate of 3.86%, from $159M in 2017 to $131M in 2022.

In 2017, Ecuador exported $283M to United Kingdom. The main products exported from Ecuador to United Kingdom were Processed Fish ($111M), Crustaceans ($71.2M), and Bananas ($44.8M). During the last 5 years the exports of Ecuador to United Kingdom have increased at an annualized rate of 2.92%, from $200M in 2022 to $283M in 2017.

Exports from United Kingdom (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Ecuador
Top DestinationUnited States$9.86B

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 2022, countries that imported more from United Kingdom than Ecuador included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Ecuador than United Kingdom included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

Difference in imports from Ecuador (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Ecuador in the exports of Foodstuffs ($36.8M), Chemical Products ($31.5M), and Machines ($27M).

During 2017, Ecuador had a large net trade with United Kingdom in the exports of Foodstuffs ($123M), Animal Products ($71.5M), and Vegetable Products ($62.1M).

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) (2022)

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