Ireland (IRL) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Ireland-Ecuador Trade: In 2022, Ireland exported $27.8M to Ecuador. The main products that Ireland exported to Ecuador were Vaccines, blood, antisera, toxins and cultures ($7.23M), Packaged Medicaments ($4.84M), and Malt Extract ($4.31M). Over the past 5 years the exports of Ireland to Ecuador have increased at an annualized rate of 9.01%, from $18M in 2017 to $27.8M in 2022.

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

Ecuador-Ireland Trade: In 2022, Ecuador exported $13.9M to Ireland. The main products that Ecuador exported to Ireland were Processed Fish ($7.38M), Crustaceans ($1.49M), and Processed Crustaceans ($1.26M). Over the past 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 24.4%, from $4.66M in 2017 to $13.9M in 2022.

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

Comparison: In 2022, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Ecuador, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Ecuador were . In N/A the top imports of Ireland from Ecuador were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Ecuador was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

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Imports

Value

Trade Value

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Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $27.8M to Ecuador. The main products exported from Ireland to Ecuador were Vaccines, blood, antisera, toxins and cultures ($7.23M), Packaged Medicaments ($4.84M), and Malt Extract ($4.31M). During the last 5 years the exports of Ireland to Ecuador have increased at an annualized rate of 9.01%, from $18M in 2017 to $27.8M in 2022.

In 2017, Ecuador exported $13.9M to Ireland. The main products exported from Ecuador to Ireland were Processed Fish ($7.38M), Crustaceans ($1.49M), and Processed Crustaceans ($1.26M). During the last 5 years the exports of Ecuador to Ireland have increased at an annualized rate of 24.4%, from $4.66M in 2022 to $13.9M in 2017.

Exports from Ireland () to Ecuador () (2022)

Exports from Ecuador () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Ireland than Ecuador included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Ecuador than Ireland included Panama ($4.97B), Chile ($1.34B), and Peru ($1.02B).

Difference in imports from Ecuador () and Ireland () (2022)

Comparative Advantage Ireland - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Ecuador in the exports of Chemical Products ($12.5M), Foodstuffs ($4.83M), and Instruments ($4.61M).

During 2017, Ecuador had a large net trade with Ireland in the exports of Foodstuffs ($8.82M), Machines ($2.12M), and Animal Products ($1.49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

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Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Ecuador+$4.03MVaccines, blood, antisera, toxins and cultures

Top Product Potential Ecuador Ireland+$2.21MCrustaceans

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

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Ecuador () (2022)

Exports from Ecuador () to Ireland () (2022)

Market Competitiveness

Difference in imports from Ecuador () and Ireland () (2022)

Comparative Advantage Ireland - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ireland () and Ecuador () (2022)

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