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Pricing

2022
Flag → Flag
Exports $1.36MRnk 74 / 127
2022
Flag → Flag
Top Product $520kMedical Instruments
2022
Flag → Flag
Exports $1.9MRnk 122 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Iran-Ecuador Trade: In 2022, Iran exported $1.36M to Ecuador. The main products that Iran exported to Ecuador were Medical Instruments ($520k), Chemical Analysis Instruments ($382k), and Vaccines, blood, antisera, toxins and cultures ($329k). Over the past 5 years the exports of Iran to Ecuador have increased at an annualized rate of 3.13%, from $1.16M in 2017 to $1.36M in 2022.

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

Ecuador-Iran Trade: In 2022, Ecuador exported $1.9M to Iran. The main products that Ecuador exported to Iran were N/A. Over the past 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 20.4%,  from $23.3M in 2017 to $1.9M in 2022.

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

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $1.36M to Ecuador. The main products exported from Iran to Ecuador were Medical Instruments ($520k), Chemical Analysis Instruments ($382k), and Vaccines, blood, antisera, toxins and cultures ($329k). During the last 5 years the exports of Iran to Ecuador have increased at an annualized rate of 3.13%, from $1.16M in 2017 to $1.36M in 2022.

In 2016, Ecuador exported $1.9M to Iran. There were not main exports from Ecuador to Iran in 2016. During the last 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 20.4%, from $23.3M in 2021 to $1.9M in 2016.

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

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

Latest Data

Trade between Iran (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Iran than Ecuador included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

In 2022, countries that imported more from Ecuador than Iran included United States ($9.86B), Panama ($4.97B), and Chile ($1.34B).

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

Comparative Advantage Iran - Ecuador

Flow
Scale

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

During 2022, Iran had a large net trade with Ecuador in the exports of Instruments ($915k), Chemical Products ($368k), and Machines ($53.4k).

During 2016, Ecuador had a large net trade with Iran in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Ecuador+$4kEthylene Polymers
Top Product Potential Ecuador Iran+$3.42kBananas

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

Product Space of Iran (Flag) and Ecuador (Flag) (2022)

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