Iraq (IRQ) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

About

Iraq-Ecuador Trade: In 2022, Iraq exported $31.3k to Ecuador. The main products that Iraq exported to Ecuador were Valves ($11.3k), Machinery Having Individual Functions ($3.47k), and Other Rubber Products ($3.02k). Over the past 19 years the exports of Iraq to Ecuador have increased at an annualized rate of 36.1%, from $89 in 2003 to $31.3k in 2022.

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

Ecuador-Iraq Trade: In 2022, Ecuador exported $82.2M to Iraq. The main products that Ecuador exported to Iraq were Bananas ($82.2M). Over the past 19 years the exports of Ecuador to Iraq have increased at an annualized rate of 7.84%, from $56.3M in 2003 to $82.2M in 2022.

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

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $31.3k to Ecuador. The main products exported from Iraq to Ecuador were Valves ($11.3k), Machinery Having Individual Functions ($3.47k), and Other Rubber Products ($3.02k). During the last 19 years the exports of Iraq to Ecuador have increased at an annualized rate of 36.1%, from $89 in 2003 to $31.3k in 2022.

In 2017, Ecuador exported $82.2M to Iraq. The main products exported from Ecuador to Iraq were Bananas ($82.2M). During the last 5 years the exports of Ecuador to Iraq have increased at an annualized rate of 7.84%, from $56.3M in 2022 to $82.2M in 2017.

Exports from Iraq () to Ecuador () (2022)

Exports from Ecuador () to Iraq () (2022)

Latest Data

Trade between Iraq () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Iraq than Ecuador included India ($38.8B), China ($34B), and South Korea ($8.21B).

In 2022, countries that imported more from Ecuador than Iraq included Panama ($4.97B), Chile ($1.34B), and Colombia ($1.07B).

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

Comparative Advantage Iraq - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Ecuador in the exports of Machines ($20.7k), Instruments ($5.29k), and Plastics and Rubbers ($3.65k).

During 2017, Ecuador had a large net trade with Iraq in the exports of Vegetable Products ($82.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Ecuador+$7.3kRefined Petroleum

Top Product Potential Ecuador Iraq+$5.93kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Ecuador () (2022)

Exports from Ecuador () to Iraq () (2022)

Latest Data

Trade between Iraq () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Iraq - Ecuador

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring