Iran (IRN) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Iran-Ecuador Trade: In 2023, Iran exported $1.1M to Ecuador. The main products that Iran exported to Ecuador were Medical Instruments ($761k), Computers ($188k), and Chemical Analysis Instruments ($47.1k). Over the past 5 years the exports of Iran to Ecuador have increased at an annualized rate of 2.78%, from $963k in 2018 to $1.1M in 2023.

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

Ecuador-Iran Trade: In 2023, Ecuador exported $1.23M 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 55.1%, from $67.6M in 2018 to $1.23M in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $1.1M to Ecuador. The main products exported from Iran to Ecuador were Medical Instruments ($761k), Computers ($188k), and Chemical Analysis Instruments ($47.1k). During the last 5 years the exports of Iran to Ecuador have increased at an annualized rate of 2.78%, from $963k in 2018 to $1.1M in 2023.

In 2017, Ecuador exported $1.23M to Iran. There were not main exports from Ecuador to Iran in 2017. During the last 5 years the exports of Ecuador to Iran have decreased at an annualized rate of 55.1%, from $67.6M in 2022 to $1.23M in 2017.

Exports from Iran () to Ecuador () (2023)

Exports from Ecuador () to Iran () (2023)

Latest Data

Trade between Iran () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from Iran than Ecuador included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

In 2023, countries that imported more from Ecuador than Iran included United States ($8.34B), Panama ($4.38B), and China ($7.96B).

Difference in imports from Ecuador () and Iran () (2023)

Comparative Advantage Iran - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Ecuador in the exports of Instruments ($833k), Machines ($217k), and Chemical Products ($32.6k).

During 2017, Ecuador had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Ecuador () (2023)

Exports from Ecuador () to Iran () (2023)

Latest Data

Trade between Iran () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Iran () (2023)

Comparative Advantage Iran - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Ecuador () (2023)

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