NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $796MRnk 74 / 219
2023
Flag → Flag
Top Product $372MCoal Tar Oil
2023
Flag → Flag
Exports $675MRnk 12 / 174
2023
Flag → Flag
Top Product $217MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Italy-Ecuador Trade: In 2023, Italy exported $796M to Ecuador. The main products that Italy exported to Ecuador were Coal Tar Oil ($372M), Refrigerators ($22.1M), and Nitrogenous Fertilizers ($18.3M). Over the past 5 years the exports of Italy to Ecuador have increased at an annualized rate of 18%, from $347M in 2018 to $796M in 2023.

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

Ecuador-Italy Trade: In 2023, Ecuador exported $675M to Italy. The main products that Ecuador exported to Italy were Crustaceans ($217M), Bananas ($172M), and Processed Fish ($138M). Over the past 5 years the exports of Ecuador to Italy have increased at an annualized rate of 3.15%,  from $578M in 2018 to $675M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

September, 2024

About

Overview In September 2024, Italy exported €2.38M and imported €47.3M from Ecuador, resulting in a negative trade balance of €44.9M. Between September 2023 and September 2024 the exports of Italy have increased by €286k (13.7%) from €2.1M to €2.38M, while imports increased by €2.92M (6.58%) from €44.4M to €47.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€286k(13.7%)
IMPORT GROWTH (October 2023 - October 2024)€2.92M(6.58%)

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

To check Ecuador and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $796M to Ecuador. The main products exported from Italy to Ecuador were Coal Tar Oil ($372M), Refrigerators ($22.1M), and Nitrogenous Fertilizers ($18.3M). During the last 5 years the exports of Italy to Ecuador have increased at an annualized rate of 18%, from $347M in 2018 to $796M in 2023.

In 2018, Ecuador exported $675M to Italy. The main products exported from Ecuador to Italy were Crustaceans ($217M), Bananas ($172M), and Processed Fish ($138M). During the last 5 years the exports of Ecuador to Italy have increased at an annualized rate of 3.15%, from $578M in 2023 to $675M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Italy than Ecuador included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Ecuador than Italy included Panama ($4.38B), Peru ($1.15B), and Nicaragua ($204M).

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

Comparative Advantage Italy - Ecuador

Flow
Scale

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

During 2023, Italy had a large net trade with Ecuador in the exports of Mineral Products ($380M), Machines ($178M), and Chemical Products ($76.6M).

During 2018, Ecuador had a large net trade with Italy in the exports of Animal Products ($222M), Foodstuffs ($191M), and Vegetable Products ($179M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ecuador+$27.3MRefined Petroleum
Top Product Potential Ecuador Italy+$26.6MGold

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms