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Pricing

2021
Flag → Flag
Exports $1.9MRnk 2 / 0
2021
Flag → Flag
Exports $1.36MRnk 74 / 127
2021
Flag → Flag
Top Product $520kMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Ecuador-Iran Trade: In 2021, Ecuador exported $1.9M to Iran. The main products that Ecuador exported to Iran were N/A. Over the past 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 39.4%, from $23.3M in 2016 to $1.9M in 2021.

In 2021, Ecuador did not export any services to Iran.

Iran-Ecuador Trade: In 2021, Iran exported $1.36M to Ecuador. The main products that Iran exported to Ecuador were Medical Instruments ($520k), Chemical Analysis Instruments ($382k), and Vaccines, blood, antisera, toxins and cultures ($329k). Over the past 5 years the exports of Iran to Ecuador have increased at an annualized rate of 3.13%,  from $1.16M in 2016 to $1.36M in 2021.

In 2021, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

April, 2019

About

Overview In April 2019, Ecuador exported $86.4 and imported $14.5k from Iran, resulting in a negative trade balance of $14.4k. Between April 2018 and April 2019 the exports of Ecuador have decreased by $-4.77M (-100%) from $4.77M to $86.4, while imports increased by $13.5k (1.48k%) from $913 to $14.5k.

Trade In April 2019, the top exports of Ecuador to Iran were . In April 2019 the top imports of Ecuador from Iran were Chemical Analysis Instruments ($10.1k), Commodities not elsewhere specified ($1.83k), Blank Audio Media ($1.69k), Spices ($873), and Centrifuges ($108).

Origins In April 2019 the exports of Ecuador were mainly from N/A, while imports destinations were mainly Quito ($10.8k), Guayaquil-Marítimo ($3.65k), and Guayaquil-Aéreo ($22.1).

Growth In April 2019, the decrease in Ecuador's year-by-year exports to Iran was explained primarily by an decrease in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Iran was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (April 2018 - April 2019)$-4.77M(-100%)
IMPORT GROWTH (December 2020 - December 2021)$13.5k(1.48k%)

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 Iran and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Ecuador exported $1.9M to Iran. There were not main exports from Ecuador to Iran in 2021. During the last 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 39.4%, from $23.3M in 2016 to $1.9M in 2021.

In 2017, Iran exported $1.36M to Ecuador. The main products exported from Iran to Ecuador were Medical Instruments ($520k), Chemical Analysis Instruments ($382k), and Vaccines, blood, antisera, toxins and cultures ($329k). During the last 5 years the exports of Iran to Ecuador have increased at an annualized rate of 3.13%, from $1.16M in 2022 to $1.36M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Ecuador than Iran included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

In 2022, countries that imported more from Iran than Ecuador included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

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

Comparative Advantage Ecuador - Iran

Flow
Scale

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

During 2021, Ecuador had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Ecuador in the exports of Instruments ($915k), Chemical Products ($368k), and Machines ($53.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Iran+$3.42kBananas
Top Product Potential Iran Ecuador+$4kEthylene Polymers

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

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

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