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2023
Flag → Flag
Exports $58.8MRnk 48 / 174
2023
Flag → Flag
Top Product $53.2MCrustaceans
2023
Flag → Flag
Exports $236MRnk 63 / 216
2023
Flag → Flag
Top Product $46.3MCombustion Engines
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Ecuador-Thailand Trade: In 2023, Ecuador exported $58.8M to Thailand. The main products that Ecuador exported to Thailand were Crustaceans ($53.2M), Other Iron Products ($1.38M), and Scrap Aluminium ($748k). Over the past 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 42.9%, from $9.88M in 2018 to $58.8M in 2023.

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

Thailand-Ecuador Trade: In 2023, Thailand exported $236M to Ecuador. The main products that Thailand exported to Ecuador were Combustion Engines ($46.3M), Cars ($20.8M), and Delivery Trucks ($20M). Over the past 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 5.49%,  from $313M in 2018 to $236M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $757k and imported $25.8M from Thailand, resulting in a negative trade balance of $25M. Between December 2020 and December 2021 the exports of Ecuador have decreased by $-13.6M (-94.7%) from $14.4M to $757k, while imports increased by $10.3M (66.7%) from $15.5M to $25.8M.

Trade In December 2021, the top exports of Ecuador to Thailand were Crustaceans ($21.4M), Other live plants, cuttings and slips; mushroom... ($258k), Scrap Copper ($175k), Cut Flowers ($165k), and Other Iron Products ($151k). In December 2021 the top imports of Ecuador from Thailand were Delivery Trucks ($4.25M), Household Washing Machines ($1.29M), Corn ($961k), Rubber Tires ($844k), and Non-Retail Synthetic Staple Fibers Yarn ($686k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($664k) and Quito ($93.5k), while imports destinations were mainly Guayaquil-Marítimo ($22.8M), Quito ($2.17M), Esmeraldas ($561k), Guayaquil-Aéreo ($163k), and Huaquillas ($99.8k).

Growth In December 2021, the decrease in Ecuador's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Scrap Copper ($-108k or -38.1%). In December 2021, the increase in Ecuador's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Corn ($958k or 26.6k%), Household Washing Machines ($519k or 67.3%), and Rubber Apparel ($463k or 607%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$-13.6M(-94.7%)
IMPORT GROWTH (December 2020 - December 2021)$10.3M(66.7%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$664k

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 Thailand and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $58.8M to Thailand. The main products exported from Ecuador to Thailand were Crustaceans ($53.2M), Other Iron Products ($1.38M), and Scrap Aluminium ($748k). During the last 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 42.9%, from $9.88M in 2018 to $58.8M in 2023.

In 2018, Thailand exported $236M to Ecuador. The main products exported from Thailand to Ecuador were Combustion Engines ($46.3M), Cars ($20.8M), and Delivery Trucks ($20M). During the last 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 5.49%, from $313M in 2023 to $236M in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Ecuador than Thailand included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

In 2023, countries that imported more from Thailand than Ecuador included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Ecuador - Thailand

Flow
Scale

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

During 2023, Ecuador had a large net trade with Thailand in the exports of Animal Products ($53.4M), Metals ($2.68M), and Vegetable Products ($928k).

During 2018, Thailand had a large net trade with Ecuador in the exports of Machines ($103M), Transportation ($58.5M), and Plastics and Rubbers ($20M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Thailand+$3.17MCrustaceans
Top Product Potential Thailand Ecuador+$17.7MCars

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

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

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