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2023
Flag → Flag
Exports $19.5MRnk 74 / 174
2023
Flag → Flag
Top Product $11.7MCut Flowers
2023
Flag → Flag
Exports $61.1MRnk 75 / 211
2023
Flag → Flag
Top Product $18MElectrical Control Boards
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Ecuador-Australia Trade: In 2023, Ecuador exported $19.5M to Australia. The main products that Ecuador exported to Australia were Cut Flowers ($11.7M), Cocoa Paste ($2M), and Other Processed Fruits and Nuts ($1.07M). Over the past 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 5.46%, from $25.9M in 2018 to $19.5M in 2023.

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

Australia-Ecuador Trade: In 2023, Australia exported $61.1M to Ecuador. The main products that Australia exported to Ecuador were Electrical Control Boards ($18M), Barley ($13.5M), and Other Agricultural Machinery ($6.95M). Over the past 5 years the exports of Australia to Ecuador have increased at an annualized rate of 22.3%,  from $22.3M in 2018 to $61.1M in 2023.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $556k and imported $2.59M from Australia, resulting in a negative trade balance of $2.03M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-672k (-54.7%) from $1.23M to $556k, while imports increased by $1.66M (178%) from $931k to $2.59M.

Trade In December 2021, the top exports of Ecuador to Australia were Cut Flowers ($696k), Tropical Fruits ($54.4k), Cocoa Beans ($41.7k), Cocoa Powder ($36k), and Jams ($36k). In December 2021 the top imports of Ecuador from Australia were Electrical Control Boards ($1.05M), Packaged Medicaments ($121k), Surveying Equipment ($99.4k), Office Machine Parts ($41k), and Industrial Food Preperation Machinery ($26.8k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($521k), Quito ($22.9k), and Guayaquil-Aéreo ($12k), while imports destinations were mainly Guayaquil-Marítimo ($2.34M), Quito ($236k), and Guayaquil-Aéreo ($16.1k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Australia was explained primarily by an decrease in product exports in Cut Flowers ($-2.47M or -78%), Dried Fruits ($-25.5k or -45.9%), and Jams ($-200 or -0.55%). In December 2021, the increase in Ecuador's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Electrical Control Boards ($665k or 171%), Surveying Equipment ($98.2k or 8.16k%), and Chemical Analysis Instruments ($14k or 1.35k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-672k(-54.7%)
IMPORT GROWTH (December 2020 - December 2021)$1.66M(178%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$521k

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

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

For full datasets download visit Bulk Download page.

Explore Australia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $19.5M to Australia. The main products exported from Ecuador to Australia were Cut Flowers ($11.7M), Cocoa Paste ($2M), and Other Processed Fruits and Nuts ($1.07M). During the last 5 years the exports of Ecuador to Australia have decreased at an annualized rate of 5.46%, from $25.9M in 2018 to $19.5M in 2023.

In 2018, Australia exported $61.1M to Ecuador. The main products exported from Australia to Ecuador were Electrical Control Boards ($18M), Barley ($13.5M), and Other Agricultural Machinery ($6.95M). During the last 5 years the exports of Australia to Ecuador have increased at an annualized rate of 22.3%, from $22.3M in 2023 to $61.1M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Ecuador than Australia included Panama ($4.38B), Peru ($1.15B), and Russia ($924M).

In 2023, countries that imported more from Australia than Ecuador included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Ecuador - Australia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Australia in the exports of Vegetable Products ($13M), Foodstuffs ($4.06M), and Footwear and Headwear ($509k).

During 2018, Australia had a large net trade with Ecuador in the exports of Machines ($29.5M), Vegetable Products ($18.1M), and Chemical Products ($6.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Australia+$1.29MOther Processed Fruits and Nuts
Top Product Potential Australia Ecuador+$1.04MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Ecuador (Flag) and Australia (Flag) (2023)

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