2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Ecuador-India Trade: In 2022, Ecuador exported $648M to India. The main products that Ecuador exported to India were Crude Petroleum ($420M), Rough Wood ($144M), and Gold ($62M). Over the past 5 years the exports of Ecuador to India have increased at an annualized rate of 37.5%, from $132M in 2017 to $648M in 2022.

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

India-Ecuador Trade: In 2022, India exported $528M to Ecuador. The main products that India exported to Ecuador were Cars ($104M), Packaged Medicaments ($48.4M), and Refined Petroleum ($33.9M). Over the past 5 years the exports of India to Ecuador have increased at an annualized rate of 9.7%,  from $332M in 2017 to $528M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $648M to India. The main products exported from Ecuador to India were Crude Petroleum ($420M), Rough Wood ($144M), and Gold ($62M). During the last 5 years the exports of Ecuador to India have increased at an annualized rate of 37.5%, from $132M in 2017 to $648M in 2022.

In 2017, India exported $528M to Ecuador. The main products exported from India to Ecuador were Cars ($104M), Packaged Medicaments ($48.4M), and Refined Petroleum ($33.9M). During the last 5 years the exports of India to Ecuador have increased at an annualized rate of 9.7%, from $332M in 2022 to $528M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
India
Top Destination
United States$82.9B

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

In 2022, countries that imported more from Ecuador than India included Panama ($4.97B), Curaçao ($64.1M), and Aruba ($44.3M).

In 2022, countries that imported more from India than Ecuador included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Ecuador - India

Flow
Scale

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

During 2022, Ecuador had a large net trade with India in the exports of Mineral Products ($420M), Wood Products ($154M), and Precious Metals ($62M).

During 2017, India had a large net trade with Ecuador in the exports of Transportation ($160M), Chemical Products ($119M), and Machines ($53.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador India+$600MCrude Petroleum
Top Product Potential India Ecuador+$24.9MPackaged Medicaments

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

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

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