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Pricing

2022
Flag → Flag
Exports $5.65MRnk 91 / 170
2022
Flag → Flag
Top Product $5.12MBananas
2022
Flag → Flag
Exports $193kRnk 104 / 160
2022
Flag → Flag
Top Product $75.9kIndustrial Food Preperation Machinery
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Ecuador-Iceland Trade: In 2022, Ecuador exported $5.65M to Iceland. The main products that Ecuador exported to Iceland were Bananas ($5.12M), Fish Oil ($321k), and Cut Flowers ($77.7k). Over the past 5 years the exports of Ecuador to Iceland have increased at an annualized rate of 4.92%, from $4.44M in 2017 to $5.65M in 2022.

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

Iceland-Ecuador Trade: In 2022, Iceland exported $193k to Ecuador. The main products that Iceland exported to Ecuador were Industrial Food Preperation Machinery ($75.9k), Revolution Counters ($44.2k), and Orthopedic Appliances ($13.7k). Over the past 5 years the exports of Iceland to Ecuador have decreased at an annualized rate of 34.4%,  from $1.59M in 2017 to $193k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Iceland, 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 Iceland were Fish Oil ($56.8k). In N/A the top imports of Ecuador from Iceland were Other Vinyl Polymers ($11.9k), Fish Oil ($6.19k), and Ball Bearings ($33).

Origins In N/A the exports of Ecuador were mainly from N/A, while imports destinations were mainly Quito ($2.44k).

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

Latest Trade

Time Scale
Flow
Value
Depth

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 Iceland 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 2022, Ecuador exported $5.65M to Iceland. The main products exported from Ecuador to Iceland were Bananas ($5.12M), Fish Oil ($321k), and Cut Flowers ($77.7k). During the last 5 years the exports of Ecuador to Iceland have increased at an annualized rate of 4.92%, from $4.44M in 2017 to $5.65M in 2022.

In 2017, Iceland exported $193k to Ecuador. The main products exported from Iceland to Ecuador were Industrial Food Preperation Machinery ($75.9k), Revolution Counters ($44.2k), and Orthopedic Appliances ($13.7k). During the last 5 years the exports of Iceland to Ecuador have decreased at an annualized rate of 34.4%, from $1.59M in 2022 to $193k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Ecuador than Iceland included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Iceland than Ecuador included Netherlands ($1.97B), Norway ($459M), and United Kingdom ($672M).

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

Comparative Advantage Ecuador - Iceland

Flow
Scale

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

During 2022, Ecuador had a large net trade with Iceland in the exports of Vegetable Products ($5.23M), Animal and Vegetable Bi-Products ($321k), and Foodstuffs ($55.4k).

During 2017, Iceland had a large net trade with Ecuador in the exports of Machines ($86.8k), Instruments ($66.7k), and Chemical Products ($12.2k).

Economic Complexity

Competitive Landscape

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

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

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