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2023
Flag → Flag
Exports $553MRnk 92 / 220
2023
Flag → Flag
Top Product $126MCars
2023
Flag → Flag
Exports $997MRnk 7 / 174
2023
Flag → Flag
Top Product $634MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

India-Ecuador Trade: In 2023, India exported $553M to Ecuador. The main products that India exported to Ecuador were Cars ($126M), Packaged Medicaments ($65.5M), and Coal Tar Oil ($38.1M). Over the past 5 years the exports of India to Ecuador have increased at an annualized rate of 11.8%, from $317M in 2018 to $553M in 2023.

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

Ecuador-India Trade: In 2023, Ecuador exported $997M to India. The main products that Ecuador exported to India were Crude Petroleum ($634M), Gold ($265M), and Rough Wood ($64M). Over the past 5 years the exports of Ecuador to India have increased at an annualized rate of 30.2%,  from $267M in 2018 to $997M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $25.3M and imported $17.5M from Ecuador, resulting in a positive trade balance of $7.83M. Between November 2023 and November 2024 the exports of India have decreased by $-35.3M (-58.3%) from $60.6M to $25.3M, while imports decreased by $-19.2M (-52.3%) from $36.6M to $17.5M.

Trade In November 2024, the top exports of India to Ecuador were Motor Vehicle/Cars ($7.84M), Marine Products ($2.91M), Drug Formulations, Biologicals ($2.86M), Aluminium, Products Of Aluminm ($1.83M), and Auto Components/Parts ($1.2M). In November 2024 the top imports of India from Ecuador were Other Wood And Wood Products ($6.97M), Plywood And Allied Products ($642k), Iron And Steel ($48.6k), Floricltr Products ($36.1k), and Othr Rubber Prodct Excpt Footw ($35.8k).

Growth In November 2024, the decrease in India's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Aluminium, Products Of Aluminm ($-2.49M or -57.7%), Iron And Steel ($-2.21M or -93.6%), and Organic Chemicals ($-936k or -92.6%). In November 2024, the decrease in India's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Plywood And Allied Products ($-158k or -19.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-35.3M(-58.3%)
IMPORT GROWTH (November 2023 - November 2024)$-19.2M(-52.3%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Ecuador and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $553M to Ecuador. The main products exported from India to Ecuador were Cars ($126M), Packaged Medicaments ($65.5M), and Coal Tar Oil ($38.1M). During the last 5 years the exports of India to Ecuador have increased at an annualized rate of 11.8%, from $317M in 2018 to $553M in 2023.

In 2018, Ecuador exported $997M to India. The main products exported from Ecuador to India were Crude Petroleum ($634M), Gold ($265M), and Rough Wood ($64M). During the last 5 years the exports of Ecuador to India have increased at an annualized rate of 30.2%, from $267M in 2023 to $997M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from India than Ecuador included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, countries that imported more from Ecuador than India included Panama ($4.38B), Peru ($1.15B), and American Samoa ($660k).

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

Comparative Advantage India - Ecuador

Flow
Scale

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

During 2023, India had a large net trade with Ecuador in the exports of Transportation ($162M), Chemical Products ($134M), and Metals ($50.8M).

During 2018, Ecuador had a large net trade with India in the exports of Mineral Products ($634M), Precious Metals ($265M), and Wood Products ($79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Ecuador+$24.9MPackaged Medicaments
Top Product Potential Ecuador India+$600MCrude 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 India and Ecuador. This means that a dot/product with the flag of India indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over India.

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

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