2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
30.9%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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2022
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GDP PC
$6,391CURRENT US$
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2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
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About

Ireland-Ecuador Trade: In 2022, Ireland exported $27.8M to Ecuador. The main products that Ireland exported to Ecuador were Vaccines, blood, antisera, toxins and cultures ($7.23M), Packaged Medicaments ($4.84M), and Malt Extract ($4.31M). Over the past 5 years the exports of Ireland to Ecuador have increased at an annualized rate of 9.01%, from $18M in 2017 to $27.8M in 2022.

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

Ecuador-Ireland Trade: In 2022, Ecuador exported $13.9M to Ireland. The main products that Ecuador exported to Ireland were Processed Fish ($7.38M), Crustaceans ($1.49M), and Processed Crustaceans ($1.26M). Over the past 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 24.4%,  from $4.66M in 2017 to $13.9M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $27.8M to Ecuador. The main products exported from Ireland to Ecuador were Vaccines, blood, antisera, toxins and cultures ($7.23M), Packaged Medicaments ($4.84M), and Malt Extract ($4.31M). During the last 5 years the exports of Ireland to Ecuador have increased at an annualized rate of 9.01%, from $18M in 2017 to $27.8M in 2022.

In 2017, Ecuador exported $13.9M to Ireland. The main products exported from Ecuador to Ireland were Processed Fish ($7.38M), Crustaceans ($1.49M), and Processed Crustaceans ($1.26M). During the last 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 24.4%, from $4.66M in 2022 to $13.9M in 2017.

Exports from Ireland (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Ireland than Ecuador included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Difference in imports from Ecuador (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Ecuador

Flow
Scale

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

During 2022, Ireland had a large net trade with Ecuador in the exports of Chemical Products ($12.5M), Foodstuffs ($4.83M), and Instruments ($4.61M).

During 2017, Ecuador had a large net trade with Ireland in the exports of Foodstuffs ($8.82M), Machines ($2.12M), and Animal Products ($1.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Ecuador+$4.03MVaccines, blood, antisera, toxins and cultures
Top Product Potential Ecuador Ireland+$2.21MCrustaceans

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

Product Space of Ireland (Flag) and Ecuador (Flag) (2022)

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