Mexico (MEX) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Mexico-Ecuador Trade: In 2023, Mexico exported $701M to Ecuador. The main products that Mexico exported to Ecuador were Packaged Medicaments ($90M), Cars ($41M), and Video Displays ($23.5M). Over the past 5 years the exports of Mexico to Ecuador have decreased at an annualized rate of 2.62%, from $800M in 2018 to $701M in 2023.

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

Ecuador-Mexico Trade: In 2023, Ecuador exported $180M to Mexico. The main products that Ecuador exported to Mexico were Cocoa Beans ($49.1M), Copper Ore ($36.7M), and Processed Fish ($16.4M). Over the past 5 years the exports of Ecuador to Mexico have increased at an annualized rate of 3.81%, from $150M in 2018 to $180M in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $701M to Ecuador. The main products exported from Mexico to Ecuador were Packaged Medicaments ($90M), Cars ($41M), and Video Displays ($23.5M). During the last 5 years the exports of Mexico to Ecuador have decreased at an annualized rate of 2.62%, from $800M in 2018 to $701M in 2023.

In 2018, Ecuador exported $180M to Mexico. The main products exported from Ecuador to Mexico were Cocoa Beans ($49.1M), Copper Ore ($36.7M), and Processed Fish ($16.4M). During the last 5 years the exports of Ecuador to Mexico have increased at an annualized rate of 3.81%, from $150M in 2023 to $180M in 2018.

Exports from Mexico () to Ecuador () (2023)

Exports from Ecuador () to Mexico () (2023)

Latest Data

Trade between Mexico () and Ecuador ()

Mexico Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Mexico than Ecuador included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from Ecuador than Mexico included Panama ($4.38B), Russia ($924M), and Algeria ($136M).

Difference in imports from Ecuador () and Mexico () (2023)

Comparative Advantage Mexico - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Ecuador in the exports of Chemical Products ($203M), Machines ($161M), and Transportation ($78M).

During 2018, Ecuador had a large net trade with Mexico in the exports of Foodstuffs ($74.3M), Mineral Products ($54.9M), and Plastics and Rubbers ($11.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Ecuador+$45.9MCars

Top Product Potential Ecuador Mexico+$12.8MProcessed Fish

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Ecuador () (2023)

Exports from Ecuador () to Mexico () (2023)

Latest Data

Trade between Mexico () and Ecuador ()

Mexico Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Mexico () (2023)

Comparative Advantage Mexico - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Ecuador () (2023)

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