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2022
Flag → Flag
Exports $528MRnk 90 / 217
2022
Flag → Flag
Top Product $104MCars
2022
Flag → Flag
Exports $648MRnk 10 / 170
2022
Flag → Flag
Top Product $420MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

India-Ecuador Trade: In 2022, India exported $528M to Ecuador. The main products that India exported to Ecuador were Cars ($104M), Packaged Medicaments ($48.4M), and Refined Petroleum ($33.9M). Over the past 5 years the exports of India to Ecuador have increased at an annualized rate of 9.7%, from $332M in 2017 to $528M in 2022.

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

Ecuador-India Trade: In 2022, Ecuador exported $648M to India. The main products that Ecuador exported to India were Crude Petroleum ($420M), Rough Wood ($144M), and Gold ($62M). Over the past 5 years the exports of Ecuador to India have increased at an annualized rate of 37.5%,  from $132M in 2017 to $648M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $26.4M and imported $15M from Ecuador, resulting in a positive trade balance of $11.4M. Between September 2023 and September 2024 the exports of India have decreased by $-43.9M (-62.5%) from $70.3M to $26.4M, while imports decreased by $-39.5M (-72.5%) from $54.4M to $15M.

Trade In September 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 September 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 September 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 ($-936k or -92.6%). In September 2024, the decrease in India's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Plywood And Allied Products ($-158k or -19.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$-43.9M(-62.5%)
IMPORT GROWTH (September 2023 - September 2024)$-39.5M(-72.5%)

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 2022, India exported $528M to Ecuador. The main products exported from India to Ecuador were Cars ($104M), Packaged Medicaments ($48.4M), and Refined Petroleum ($33.9M). During the last 5 years the exports of India to Ecuador have increased at an annualized rate of 9.7%, from $332M in 2017 to $528M in 2022.

In 2017, Ecuador exported $648M to India. The main products exported from Ecuador to India were Crude Petroleum ($420M), Rough Wood ($144M), and Gold ($62M). During the last 5 years the exports of Ecuador to India have increased at an annualized rate of 37.5%, from $132M in 2022 to $648M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Ecuador
Top DestinationUnited States$9.86B

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 2022, countries that imported more from India than Ecuador included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Ecuador than India included Panama ($4.97B), Curaçao ($64.1M), and Aruba ($44.3M).

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

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 2022, India had a large net trade with Ecuador in the exports of Transportation ($160M), Chemical Products ($119M), and Machines ($53.5M).

During 2017, Ecuador had a large net trade with India in the exports of Mineral Products ($420M), Wood Products ($154M), and Precious Metals ($62M).

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) (2022)

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