2023
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GDP
$119BCURRENT US$
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2013-2023
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GDP GROWTH
23.1%CURRENT US$
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2023
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 GDP
$551BCURRENT US$
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2013-2023
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GDP GROWTH
127%CURRENT US$
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2023
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GDP PC 
$6,610CURRENT US$
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2013-2023
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GDP PC GROWTH
8.19%CURRENT US$
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2023
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GDP PC
$103,888CURRENT US$
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GDP PC GROWTH
97.4%CURRENT US$
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About

Ecuador-Ireland Trade: In 2023, Ecuador exported $17.7M to Ireland. The main products that Ecuador exported to Ireland were Processed Fish ($6.51M), Bananas ($3.21M), and Confectionery Sugar ($3.01M). Over the past 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 30.8%, from $4.61M in 2018 to $17.7M in 2023.

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

Ireland-Ecuador Trade: In 2023, Ireland exported $35.9M to Ecuador. The main products that Ireland exported to Ecuador were Vaccines, blood, antisera, toxins and cultures ($13.3M), Malt Extract ($5.31M), and Orthopedic Appliances ($4.98M). Over the past 5 years the exports of Ireland to Ecuador have decreased at an annualized rate of 1.01%,  from $37.8M in 2018 to $35.9M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $17.7M to Ireland. The main products exported from Ecuador to Ireland were Processed Fish ($6.51M), Bananas ($3.21M), and Confectionery Sugar ($3.01M). During the last 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 30.8%, from $4.61M in 2018 to $17.7M in 2023.

In 2018, Ireland exported $35.9M to Ecuador. The main products exported from Ireland to Ecuador were Vaccines, blood, antisera, toxins and cultures ($13.3M), Malt Extract ($5.31M), and Orthopedic Appliances ($4.98M). During the last 5 years the exports of Ireland to Ecuador have decreased at an annualized rate of 1.01%, from $37.8M in 2023 to $35.9M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Ireland
Top Destination
United States$67.4B

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

In 2023, countries that imported more from Ecuador than Ireland included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

In 2023, countries that imported more from Ireland than Ecuador included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Ecuador - Ireland

Flow
Scale

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

During 2023, Ecuador had a large net trade with Ireland in the exports of Foodstuffs ($11.2M), Vegetable Products ($3.42M), and Animal Products ($1.38M).

During 2018, Ireland had a large net trade with Ecuador in the exports of Chemical Products ($19.2M), Instruments ($6.93M), and Foodstuffs ($5.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Ireland+$2.21MCrustaceans
Top Product Potential Ireland Ecuador+$4.03MVaccines, blood, antisera, toxins and cultures

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

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

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