Australia (AUS) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Australia-Ecuador Trade: In 2022, Australia exported $58.2M to Ecuador. The main products that Australia exported to Ecuador were Electrical Control Boards ($18.2M), Barley ($11.9M), and Lifting Machinery ($7.2M). Over the past 5 years the exports of Australia to Ecuador have increased at an annualized rate of 19.9%, from $23.5M in 2017 to $58.2M in 2022.

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

Ecuador-Australia Trade: In 2022, Ecuador exported $18.5M to Australia. The main products that Ecuador exported to Australia were Cut Flowers ($11M), Cocoa Paste ($2.27M), and Coffee ($546k). Over the past 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 3.98%, from $22.7M in 2017 to $18.5M in 2022.

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

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $58.2M to Ecuador. The main products exported from Australia to Ecuador were Electrical Control Boards ($18.2M), Barley ($11.9M), and Lifting Machinery ($7.2M). During the last 5 years the exports of Australia to Ecuador have increased at an annualized rate of 19.9%, from $23.5M in 2017 to $58.2M in 2022.

In 2017, Ecuador exported $18.5M to Australia. The main products exported from Ecuador to Australia were Cut Flowers ($11M), Cocoa Paste ($2.27M), and Coffee ($546k). During the last 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 3.98%, from $22.7M in 2022 to $18.5M in 2017.

Exports from Australia () to Ecuador () (2022)

Exports from Ecuador () to Australia () (2022)

Latest Data

Trade between Australia () and Ecuador ()

Australia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Australia than Ecuador included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Ecuador than Australia included Panama ($4.97B), Colombia ($1.07B), and Russia ($994M).

Difference in imports from Ecuador () and Australia () (2022)

Comparative Advantage Australia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Ecuador in the exports of Machines ($34.7M), Vegetable Products ($14.5M), and Chemical Products ($3.07M).

During 2017, Ecuador had a large net trade with Australia in the exports of Vegetable Products ($12.4M), Foodstuffs ($4.37M), and Machines ($687k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Ecuador+$1.04MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Ecuador Australia+$1.29MOther Processed Fruits and Nuts

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

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Ecuador () (2022)

Exports from Ecuador () to Australia () (2022)

Latest Data

Trade between Australia () and Ecuador ()

Australia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Australia () (2022)

Comparative Advantage Australia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Ecuador () (2022)

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