2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Mexico-Ecuador Trade: In 2022, Mexico exported $668M to Ecuador. The main products that Mexico exported to Ecuador were Packaged Medicaments ($60.2M), Cars ($50.7M), and Tractors ($26.6M). Over the past 5 years the exports of Mexico to Ecuador have decreased at an annualized rate of 0.14%, from $673M in 2017 to $668M in 2022.

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

Ecuador-Mexico Trade: In 2022, Ecuador exported $196M to Mexico. The main products that Ecuador exported to Mexico were Cocoa Beans ($67.1M), Palm Oil ($25.7M), and Processed Fish ($23.8M). Over the past 5 years the exports of Ecuador to Mexico have increased at an annualized rate of 8.58%,  from $130M in 2017 to $196M in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $668M to Ecuador. The main products exported from Mexico to Ecuador were Packaged Medicaments ($60.2M), Cars ($50.7M), and Tractors ($26.6M). During the last 5 years the exports of Mexico to Ecuador have decreased at an annualized rate of 0.14%, from $673M in 2017 to $668M in 2022.

In 2017, Ecuador exported $196M to Mexico. The main products exported from Ecuador to Mexico were Cocoa Beans ($67.1M), Palm Oil ($25.7M), and Processed Fish ($23.8M). During the last 5 years the exports of Ecuador to Mexico have increased at an annualized rate of 8.58%, from $130M in 2022 to $196M in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Ecuador (Flag)

Mexico Exports

Ecuador Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Ecuador
Top Destination
United States$9.86B

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 2022, countries that imported more from Mexico than Ecuador included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

In 2022, countries that imported more from Ecuador than Mexico included Panama ($4.97B), Russia ($994M), and Iraq ($82.2M).

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

Comparative Advantage Mexico - Ecuador

Flow
Scale

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

During 2022, Mexico had a large net trade with Ecuador in the exports of Chemical Products ($157M), Machines ($155M), and Transportation ($91.7M).

During 2017, Ecuador had a large net trade with Mexico in the exports of Foodstuffs ($107M), Animal and Vegetable Bi-Products ($27.2M), and Mineral Products ($20.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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