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2023
Flag → Flag
Exports $675MRnk 12 / 174
2023
Flag → Flag
Top Product $217MCrustaceans
2023
Flag → Flag
Exports $796MRnk 74 / 219
2023
Flag → Flag
Top Product $372MCoal Tar Oil
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
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GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Ecuador-Italy Trade: In 2023, Ecuador exported $675M to Italy. The main products that Ecuador exported to Italy were Crustaceans ($217M), Bananas ($172M), and Processed Fish ($138M). Over the past 5 years the exports of Ecuador to Italy have increased at an annualized rate of 3.15%, from $578M in 2018 to $675M in 2023.

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

Italy-Ecuador Trade: In 2023, Italy exported $796M to Ecuador. The main products that Italy exported to Ecuador were Coal Tar Oil ($372M), Refrigerators ($22.1M), and Nitrogenous Fertilizers ($18.3M). Over the past 5 years the exports of Italy to Ecuador have increased at an annualized rate of 18%,  from $347M in 2018 to $796M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $52.6M and imported $32.8M from Italy, resulting in a positive trade balance of $19.9M. Between December 2020 and December 2021 the exports of Ecuador have increased by $18.7M (55.3%) from $33.9M to $52.6M, while imports increased by $9.46M (40.6%) from $23.3M to $32.8M.

Trade In December 2021, the top exports of Ecuador to Italy were Cut Flowers ($21.8M), Bananas ($15M), Crustaceans ($9.55M), Processed Fish ($6.25M), and Cocoa Beans ($2.64M). In December 2021 the top imports of Ecuador from Italy were Packaged Medicaments ($1.64M), Liquid Pumps ($1.38M), Liquid Dispersing Machines ($1.33M), Washing and Bottling Machines ($765k), and Apples and Pears ($611k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($47.6M), Manta ($2.75M), Puerto Bolívar ($1.56M), Guayaquil-Aéreo ($480k), and Quito ($209k), while imports destinations were mainly Guayaquil-Marítimo ($26.3M), Quito ($4.7M), Guayaquil-Aéreo ($1.22M), Manta ($281k), and Cuenca ($194k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Italy was explained primarily by an increase in product exports in Cut Flowers ($8.24M or 60.6%), Cocoa Beans ($1.25M or 89.8%), and Buttons ($55k or 1.18k%). In December 2021, the increase in Ecuador's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Liquid Dispersing Machines ($1.14M or 594%), Other Agricultural Machinery ($544k or 1.05k%), and Liquid Pumps ($526k or 61.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$18.7M(55.3%)
IMPORT GROWTH (December 2020 - December 2021)$9.46M(40.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$47.6M

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 Italy 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 $675M to Italy. The main products exported from Ecuador to Italy were Crustaceans ($217M), Bananas ($172M), and Processed Fish ($138M). During the last 5 years the exports of Ecuador to Italy have increased at an annualized rate of 3.15%, from $578M in 2018 to $675M in 2023.

In 2018, Italy exported $796M to Ecuador. The main products exported from Italy to Ecuador were Coal Tar Oil ($372M), Refrigerators ($22.1M), and Nitrogenous Fertilizers ($18.3M). During the last 5 years the exports of Italy to Ecuador have increased at an annualized rate of 18%, from $347M in 2023 to $796M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Ecuador than Italy included Panama ($4.38B), Peru ($1.15B), and Nicaragua ($204M).

In 2023, countries that imported more from Italy than Ecuador included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Ecuador - Italy

Flow
Scale

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

During 2023, Ecuador had a large net trade with Italy in the exports of Animal Products ($222M), Foodstuffs ($191M), and Vegetable Products ($179M).

During 2018, Italy had a large net trade with Ecuador in the exports of Mineral Products ($380M), Machines ($178M), and Chemical Products ($76.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Italy+$26.6MGold
Top Product Potential Italy Ecuador+$27.3MRefined 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 Italy. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Ecuador.

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

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