2023
Flag  
GDP
$514BCURRENT US$
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2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
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2023
Flag
 GDP
$119BCURRENT US$
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2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
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2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195

About

Israel-Ecuador Trade: In 2023, Israel exported $39.6M to Ecuador. The main products that Israel exported to Ecuador were Video Displays ($3.6M), Liquid Dispersing Machines ($2.63M), and Industrial Printers ($2.46M). Over the past 5 years the exports of Israel to Ecuador have increased at an annualized rate of 4.91%, from $31.1M in 2018 to $39.6M in 2023.

In 2007, Israel exported services to Ecuador worth $228k, with Computer and information services ($228k) being the largest in terms of value.

Ecuador-Israel Trade: In 2023, Ecuador exported $10.7M to Israel. The main products that Ecuador exported to Israel were Other Processed Fruits and Nuts ($5.82M), Processed Fish ($1.25M), and Frozen Fruits and Nuts ($1.02M). Over the past 5 years the exports of Ecuador to Israel have increased at an annualized rate of 4.96%,  from $8.41M in 2018 to $10.7M in 2023.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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
Value

In 2023, Israel exported $39.6M to Ecuador. The main products exported from Israel to Ecuador were Video Displays ($3.6M), Liquid Dispersing Machines ($2.63M), and Industrial Printers ($2.46M). During the last 5 years the exports of Israel to Ecuador have increased at an annualized rate of 4.91%, from $31.1M in 2018 to $39.6M in 2023.

In 2018, Ecuador exported $10.7M to Israel. The main products exported from Ecuador to Israel were Other Processed Fruits and Nuts ($5.82M), Processed Fish ($1.25M), and Frozen Fruits and Nuts ($1.02M). During the last 5 years the exports of Ecuador to Israel have increased at an annualized rate of 4.96%, from $8.41M in 2023 to $10.7M in 2018.

Exports from Israel (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Israel (Flag) (2023)

Latest Data

Trade between Israel (Flag) and Ecuador (Flag)

Israel Exports

Ecuador Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Ecuador
Top Destination
United States$8.34B

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

In 2023, countries that imported more from Israel than Ecuador included United States ($20.3B), Ireland ($4.22B), and Hong Kong ($2.46B).

In 2023, countries that imported more from Ecuador than Israel included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

Difference in imports from Ecuador (Flag) and Israel (Flag) (2023)

Comparative Advantage Israel - Ecuador

Flow
Scale

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

During 2023, Israel had a large net trade with Ecuador in the exports of Machines ($15.6M), Chemical Products ($12.2M), and Instruments ($4.17M).

During 2018, Ecuador had a large net trade with Israel in the exports of Foodstuffs ($7.61M), Vegetable Products ($2.69M), and Machines ($144k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Ecuador+$1.99MTelephones
Top Product Potential Ecuador Israel+$582kOther Processed Fruits and Nuts

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

Product Space of Israel (Flag) and Ecuador (Flag) (2023)

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