2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195

About

Ecuador-North Korea Trade: In 2023, Ecuador exported $2.12k to North Korea. The main products that Ecuador exported to North Korea were Cut Flowers ($2.12k). Over the past 12 years the exports of Ecuador to North Korea have decreased at an annualized rate of 16.8%, from $19.2k in 2011 to $2.12k in 2023.

In 2023, Ecuador did not export any services to North Korea.

North Korea-Ecuador Trade: In 2023, North Korea exported $59.1k to Ecuador. The main products that North Korea exported to Ecuador were Medical Instruments ($59.1k). Over the past 12 years the exports of North Korea to Ecuador have decreased at an annualized rate of 14.3%,  from $128k in 2011 to $59.1k in 2023.

In 2023, North Korea 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, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $2.12k to North Korea. The main products exported from Ecuador to North Korea were Cut Flowers ($2.12k). During the last 12 years the exports of Ecuador to North Korea have decreased at an annualized rate of 16.8%, from $19.2k in 2011 to $2.12k in 2023.

In 2018, North Korea exported $59.1k to Ecuador. The main products exported from North Korea to Ecuador were Medical Instruments ($59.1k). During the last 5 years the exports of North Korea to Ecuador have decreased at an annualized rate of 14.3%, from $128k in 2023 to $59.1k in 2018.

Exports from Ecuador (Flag) to North Korea (Flag) (2023)

Exports from North Korea (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
North Korea
Top Destination
China$292M

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

In 2023, countries that imported more from Ecuador than North Korea included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from North Korea than Ecuador included Senegal ($10.3M), Angola ($10.2M), and Liberia ($5.74M).

Difference in imports from North Korea (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - North Korea

Flow
Scale

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

During 2023, Ecuador had a large net trade with North Korea in the exports of Vegetable Products ($2.12k).

During 2018, North Korea had a large net trade with Ecuador in the exports of Instruments ($59.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Ecuador (Flag) and North Korea (Flag) (2023)

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