Namibia (NAM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Namibia-Ecuador Trade: In 2023, Namibia exported $8.7k to Ecuador. The main products that Namibia exported to Ecuador were Other Iron Products ($4.79k), Valves ($2.76k), and Gaskets ($592). Over the past 5 years the exports of Namibia to Ecuador have increased at an annualized rate of 108%, from $223 in 2018 to $8.7k in 2023.

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

Ecuador-Namibia Trade: In 2023, Ecuador exported $20.8k to Namibia. The main products that Ecuador exported to Namibia were Excavation Machinery ($7.47k), Lubricating Products ($3.57k), and Knit T-shirts ($3.44k). Over the past 5 years the exports of Ecuador to Namibia have decreased at an annualized rate of 64.6%, from $3.75M in 2018 to $20.8k in 2023.

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

Comparison: In 2023, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). 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, Namibia exported $8.7k to Ecuador. The main products exported from Namibia to Ecuador were Other Iron Products ($4.79k), Valves ($2.76k), and Gaskets ($592). During the last 5 years the exports of Namibia to Ecuador have increased at an annualized rate of 108%, from $223 in 2018 to $8.7k in 2023.

In 2018, Ecuador exported $20.8k to Namibia. The main products exported from Ecuador to Namibia were Excavation Machinery ($7.47k), Lubricating Products ($3.57k), and Knit T-shirts ($3.44k). During the last 5 years the exports of Ecuador to Namibia have decreased at an annualized rate of 64.6%, from $3.75M in 2023 to $20.8k in 2018.

Exports from Namibia () to Ecuador () (2023)

Exports from Ecuador () to Namibia () (2023)

Latest Data

Trade between Namibia () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.71B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Namibia than Ecuador included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

In 2023, countries that imported more from Ecuador than Namibia included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Namibia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Namibia had a large net trade with Ecuador in the exports of Metals ($5.34k) and Machines ($3.36k).

During 2018, Ecuador had a large net trade with Namibia in the exports of Machines ($9.48k), Textiles ($6.65k), and Chemical Products ($4.44k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Ecuador+$3.85kRefined Petroleum

Top Product Potential Ecuador Namibia+$4.78kKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Namibia () to Ecuador () (2023)

Exports from Ecuador () to Namibia () (2023)

Latest Data

Trade between Namibia () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Namibia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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