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

2023
Flag → Flag
Exports $625MRnk 36 / 215
2023
Flag → Flag
Top Product $258MWheat
2023
Flag → Flag
Exports $490MRnk 14 / 174
2023
Flag → Flag
Top Product $130MPrecious Metal Ore
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Canada-Ecuador Trade: In 2023, Canada exported $625M to Ecuador. The main products that Canada exported to Ecuador were Wheat ($258M), Refined Petroleum ($212M), and Potassic Fertilizers ($35.7M). Over the past 5 years the exports of Canada to Ecuador have increased at an annualized rate of 15.6%, from $302M in 2018 to $625M in 2023.

In 2020, Canada exported services to Ecuador worth $6.71M, with Construction services ($4.47M), Communications services ($1.49M), and Computer and information services ($746k) being the largest in terms of value.

Ecuador-Canada Trade: In 2023, Ecuador exported $490M to Canada. The main products that Ecuador exported to Canada were Precious Metal Ore ($130M), Crude Petroleum ($119M), and Bananas ($50.7M). Over the past 5 years the exports of Ecuador to Canada have increased at an annualized rate of 28.1%,  from $142M in 2018 to $490M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$68.3M and imported C$68.9M from Ecuador, resulting in a negative trade balance of C$591k. Between November 2023 and November 2024 the exports of Canada have increased by C$41.5M (154%) from C$26.9M to C$68.3M, while imports increased by C$38.3M (125%) from C$30.6M to C$68.9M.

Trade In November 2024, the top exports of Canada to Ecuador were Wheat (C$37.7M), Dried Legumes (C$1.66M), Commodities not elsewhere specified (C$768k), Newsprint (C$480k), and Electrical Control Boards (C$351k). In November 2024 the top imports of Canada from Ecuador were Precious Metal Ore (C$21.3M), Bananas (C$9.4M), Cocoa Beans (C$8.42M), Crustaceans (C$3.66M), and Cut Flowers (C$3.65M).

Origins In November 2024 the exports of Canada were mainly from Alberta (C$42.3M), Saskatchewan (C$12.9M), Ontario (C$6.12M), Manitoba (C$4.22M), and Quebec (C$1.51M), while imports destinations were mainly Quebec (C$31M), Ontario (C$30.6M), British Columbia (C$4.73M), Alberta (C$1.66M), and Manitoba (C$611k).

Growth In November 2024, the increase in Canada's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Commodities not elsewhere specified (C$724k or 1.64k%), Other Agricultural Machinery (C$318k or 15.5k%), and Iron Fasteners (C$87.7k or 88.8%). In November 2024, the increase in Canada's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Precious Metal Ore (C$15.8M or 285%), Cocoa Beans (C$3.28M or 63.7%), and Bananas (C$3.13M or 50%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$41.5M(154%)
IMPORT GROWTH (November 2023 - November 2024)C$38.3M(125%)
MAIN EXPORTER (November 2024)AlbertaC$42.3M

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

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

For full datasets download visit Bulk Download page.

Explore Ecuador and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $625M to Ecuador. The main products exported from Canada to Ecuador were Wheat ($258M), Refined Petroleum ($212M), and Potassic Fertilizers ($35.7M). During the last 5 years the exports of Canada to Ecuador have increased at an annualized rate of 15.6%, from $302M in 2018 to $625M in 2023.

In 2018, Ecuador exported $490M to Canada. The main products exported from Ecuador to Canada were Precious Metal Ore ($130M), Crude Petroleum ($119M), and Bananas ($50.7M). During the last 5 years the exports of Ecuador to Canada have increased at an annualized rate of 28.1%, from $142M in 2023 to $490M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Canada than Ecuador included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Ecuador than Canada included Panama ($4.38B), Russia ($924M), and Chile ($1.11B).

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

Comparative Advantage Canada - Ecuador

Flow
Scale

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

During 2023, Canada had a large net trade with Ecuador in the exports of Vegetable Products ($294M), Mineral Products ($213M), and Chemical Products ($44.1M).

During 2018, Ecuador had a large net trade with Canada in the exports of Mineral Products ($249M), Vegetable Products ($116M), and Foodstuffs ($64.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Ecuador+$41.5MRefined Petroleum
Top Product Potential Ecuador Canada+$107MCrude Petroleum

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

Product Space of Canada (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