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Pricing

2023
Flag → Flag
Exports $78.5MRnk 42 / 174
2023
Flag → Flag
Top Product $78.4MBananas
2023
Flag → Flag
Exports $24.1kRnk 75 / 100
2023
Flag → Flag
Top Product $10kInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 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$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Ecuador-Iraq Trade: In 2023, Ecuador exported $78.5M to Iraq. The main products that Ecuador exported to Iraq were Bananas ($78.4M), Jams ($91.1k), and Other Heating Machinery ($20.3k). Over the past 5 years the exports of Ecuador to Iraq have increased at an annualized rate of 9.71%, from $49.4M in 2018 to $78.5M in 2023.

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

Iraq-Ecuador Trade: In 2023, Iraq exported $24.1k to Ecuador. The main products that Iraq exported to Ecuador were Insulated Wire ($10k), Surveying Equipment ($4.31k), and Transmissions ($4.01k). Over the past 5 years the exports of Iraq to Ecuador have increased at an annualized rate of 18%,  from $10.5k in 2018 to $24.1k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Iraq, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Iraq were Bananas ($5.21M). In N/A the top imports of Ecuador from Iraq were Commodities not elsewhere specified ($219).

Origins In N/A the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.47M) and Puerto Bolívar ($973k), while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Iraq was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
MAIN EXPORTER (N/A)Guayaquil-Marítimo$3.47M

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 Iraq 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 2023, Ecuador exported $78.5M to Iraq. The main products exported from Ecuador to Iraq were Bananas ($78.4M), Jams ($91.1k), and Other Heating Machinery ($20.3k). During the last 5 years the exports of Ecuador to Iraq have increased at an annualized rate of 9.71%, from $49.4M in 2018 to $78.5M in 2023.

In 2018, Iraq exported $24.1k to Ecuador. The main products exported from Iraq to Ecuador were Insulated Wire ($10k), Surveying Equipment ($4.31k), and Transmissions ($4.01k). During the last 5 years the exports of Iraq to Ecuador have increased at an annualized rate of 18%, from $10.5k in 2023 to $24.1k in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Ecuador than Iraq included Panama ($4.38B), Japan ($1.24B), and Peru ($1.15B).

In 2023, countries that imported more from Iraq than Ecuador included India ($29.8B), China ($35.5B), and Greece ($5.68B).

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

Comparative Advantage Ecuador - Iraq

Flow
Scale

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

During 2023, Ecuador had a large net trade with Iraq in the exports of Vegetable Products ($78.4M), Foodstuffs ($91.1k), and Machines ($52.5k).

During 2018, Iraq had a large net trade with Ecuador in the exports of Machines ($19.8k) and Instruments ($4.31k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Iraq+$5.93kRefined Petroleum
Top Product Potential Iraq Ecuador+$7.3kRefined 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.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Iraq. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Ecuador.

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

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