2022
Flag  
GDP
$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH
-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH
-31.2%CURRENT US$
Rnk 178 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Japan-Ecuador Trade: In 2022, Japan exported $595M to Ecuador. The main products that Japan exported to Ecuador were Hot-Rolled Iron ($137M), Refined Petroleum ($90.1M), and Cars ($60.4M). Over the past 5 years the exports of Japan to Ecuador have increased at an annualized rate of 4.99%, from $467M in 2017 to $595M in 2022.

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

Ecuador-Japan Trade: In 2022, Ecuador exported $582M to Japan. The main products that Ecuador exported to Japan were Crude Petroleum ($311M), Frozen Vegetables ($82M), and Bananas ($67.1M). Over the past 5 years the exports of Ecuador to Japan have increased at an annualized rate of 8.11%,  from $394M in 2017 to $582M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $595M to Ecuador. The main products exported from Japan to Ecuador were Hot-Rolled Iron ($137M), Refined Petroleum ($90.1M), and Cars ($60.4M). During the last 5 years the exports of Japan to Ecuador have increased at an annualized rate of 4.99%, from $467M in 2017 to $595M in 2022.

In 2017, Ecuador exported $582M to Japan. The main products exported from Ecuador to Japan were Crude Petroleum ($311M), Frozen Vegetables ($82M), and Bananas ($67.1M). During the last 5 years the exports of Ecuador to Japan have increased at an annualized rate of 8.11%, from $394M in 2022 to $582M in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Japan than Ecuador included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Ecuador than Japan included Panama ($4.97B), Peru ($1.02B), and Aruba ($44.3M).

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

Comparative Advantage Japan - Ecuador

Flow
Scale

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

During 2022, Japan had a large net trade with Ecuador in the exports of Metals ($180M), Transportation ($150M), and Machines ($106M).

During 2017, Ecuador had a large net trade with Japan in the exports of Mineral Products ($313M), Vegetable Products ($163M), and Animal Products ($67.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Ecuador+$50.9MCars
Top Product Potential Ecuador Japan+$210MCrude 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

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with