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Pricing

2022
Flag → Flag
Exports $46.1MRnk 47 / 170
2022
Flag → Flag
Top Product $26.7MBananas
2022
Flag → Flag
Exports $10.4MRnk 109 / 186
2022
Flag → Flag
Top Product $2.62MCleaning Products
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 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$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Ecuador-Morocco Trade: In 2022, Ecuador exported $46.1M to Morocco. The main products that Ecuador exported to Morocco were Bananas ($26.7M), Crustaceans ($14M), and Other Plastic Products ($3.39M). Over the past 5 years the exports of Ecuador to Morocco have increased at an annualized rate of 32.7%, from $11.2M in 2017 to $46.1M in 2022.

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

Morocco-Ecuador Trade: In 2022, Morocco exported $10.4M to Ecuador. The main products that Morocco exported to Ecuador were Cleaning Products ($2.62M), Non-Knit Women's Suits ($1.93M), and Other Inorganic Acids ($1.73M). Over the past 5 years the exports of Morocco to Ecuador have increased at an annualized rate of 17.2%,  from $4.69M in 2017 to $10.4M in 2022.

In 2022, Morocco 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, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $4.46M and imported $1.07M from Morocco, resulting in a positive trade balance of $3.39M. Between December 2020 and December 2021 the exports of Ecuador have increased by $1.49M (50.3%) from $2.97M to $4.46M, while imports increased by $655k (160%) from $410k to $1.07M.

Trade In December 2021, the top exports of Ecuador to Morocco were Bananas ($2.77M) and Crustaceans ($1.58M). In December 2021 the top imports of Ecuador from Morocco were Mixed Mineral or Chemical Fertilizers ($2.63M), Non-Knit Women's Suits ($57.1k), Non-Knit Women's Shirts ($33k), Knit Women's Suits ($23.9k), and Non-Knit Men's Suits ($22.2k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($3.72M), Puerto Bolívar ($727k), and Quito ($10.8k), while imports destinations were mainly Quito ($649k), Guayaquil-Marítimo ($416k), and Guayaquil-Aéreo ($754).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Morocco was explained primarily by an increase in product exports in Bananas ($2.39M or 640%) and Crustaceans ($480k or 43.4%). In December 2021, the increase in Ecuador's year-by-year imports  from Morocco was explained primarily by an increase in product imports  in Other Knit Garments ($10.8k or 199%), Knit Women's Suits ($5.69k or 31.4%), and Centrifuges ($4.36k or 3.96k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$1.49M(50.3%)
IMPORT GROWTH (December 2020 - December 2021)$655k(160%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$3.72M

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 Morocco and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Morocco and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $46.1M to Morocco. The main products exported from Ecuador to Morocco were Bananas ($26.7M), Crustaceans ($14M), and Other Plastic Products ($3.39M). During the last 5 years the exports of Ecuador to Morocco have increased at an annualized rate of 32.7%, from $11.2M in 2017 to $46.1M in 2022.

In 2017, Morocco exported $10.4M to Ecuador. The main products exported from Morocco to Ecuador were Cleaning Products ($2.62M), Non-Knit Women's Suits ($1.93M), and Other Inorganic Acids ($1.73M). During the last 5 years the exports of Morocco to Ecuador have increased at an annualized rate of 17.2%, from $4.69M in 2022 to $10.4M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Morocco
Top DestinationSpain$8.55B

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

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

In 2022, countries that imported more from Morocco than Ecuador included France ($7.92B), Spain ($8.55B), and India ($2.99B).

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

Comparative Advantage Ecuador - Morocco

Flow
Scale

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

During 2022, Ecuador had a large net trade with Morocco in the exports of Vegetable Products ($26.8M), Animal Products ($14.7M), and Plastics and Rubbers ($3.39M).

During 2017, Morocco had a large net trade with Ecuador in the exports of Textiles ($5.62M), Chemical Products ($4.42M), and Machines ($177k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Morocco+$4.27MCrustaceans
Top Product Potential Morocco Ecuador+$73.9kPrepr binder for foundry

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

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

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