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Pricing

2023
Flag → Flag
Exports $749MRnk 58 / 211
2023
Flag → Flag
Top Product $191MHot-Rolled Iron
2023
Flag → Flag
Exports $1.24BRnk 4 / 174
2023
Flag → Flag
Top Product $994MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Japan-Ecuador Trade: In 2023, Japan exported $749M to Ecuador. The main products that Japan exported to Ecuador were Hot-Rolled Iron ($191M), Refined Petroleum ($113M), and Cars ($107M). Over the past 5 years the exports of Japan to Ecuador have increased at an annualized rate of 7.03%, from $533M in 2018 to $749M in 2023.

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

Ecuador-Japan Trade: In 2023, Ecuador exported $1.24B to Japan. The main products that Ecuador exported to Japan were Crude Petroleum ($994M), Bananas ($68.7M), and Frozen Vegetables ($66.4M). Over the past 5 years the exports of Ecuador to Japan have increased at an annualized rate of 12.9%,  from $674M in 2018 to $1.24B in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥6.26B and imported ¥16.7B from Ecuador, resulting in a negative trade balance of ¥10.5B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-764M (-10.9%) from ¥7.03B to ¥6.26B, while imports decreased by ¥-5.42B (-24.5%) from ¥22.1B to ¥16.7B.

Trade In November 2024, the top exports of Japan to Ecuador were Hot-Rolled Iron (¥1.81B), Cars (¥1.31B), Delivery Trucks (¥425M), Motor vehicle (8701 to 8705) chassis... (¥309M), and Coated Flat-Rolled Iron (¥169M). In November 2024 the top imports of Japan from Ecuador were Crude Petroleum (¥11.8B), Frozen Vegetables (¥961M), Bananas (¥769M), Crustaceans (¥520M), and Cocoa Beans (¥282M).

Origins In November 2024 the exports of Japan were mainly from Ōita (¥1.64B), Aichi (¥1.21B), Ibaraki (¥1.04B), Kanagawa (¥903M), and Hiroshima (¥334M), while imports destinations were mainly Chiba (¥12.1B), Tokyo (¥1.75B), Kanagawa (¥874M), Hyōgo (¥704M), and Osaka (¥634M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Ecuador was explained primarily by an decrease in product exports in Coated Flat-Rolled Iron (¥-450M or -72.7%), Cyclic Alcohols (¥-122M or -62%), and Cold-Rolled Iron (¥-112M or -79.4%). In November 2024, the decrease in Japan's year-by-year imports  from Ecuador was explained primarily by an decrease in product imports  in Coconut and Other Vegetable Fibers (¥-40.2M or -56.5%), Other Processed Fruits and Nuts (¥-24.1M or -74.1%), and Cut Flowers (¥-23.7M or -20.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-764M(-10.9%)
IMPORT GROWTH (November 2023 - November 2024)¥-5.42B(-24.5%)
MAIN EXPORTER (November 2024)Ōita¥1.64B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Ecuador and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ecuador and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $749M to Ecuador. The main products exported from Japan to Ecuador were Hot-Rolled Iron ($191M), Refined Petroleum ($113M), and Cars ($107M). During the last 5 years the exports of Japan to Ecuador have increased at an annualized rate of 7.03%, from $533M in 2018 to $749M in 2023.

In 2018, Ecuador exported $1.24B to Japan. The main products exported from Ecuador to Japan were Crude Petroleum ($994M), Bananas ($68.7M), and Frozen Vegetables ($66.4M). During the last 5 years the exports of Ecuador to Japan have increased at an annualized rate of 12.9%, from $674M in 2023 to $1.24B in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Ecuador
Top DestinationUnited States$8.34B

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 2023, countries that imported more from Japan than Ecuador included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Ecuador than Japan included Panama ($4.38B), Peru ($1.15B), and Algeria ($136M).

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

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 2023, Japan had a large net trade with Ecuador in the exports of Metals ($215M), Transportation ($200M), and Machines ($153M).

During 2018, Ecuador had a large net trade with Japan in the exports of Mineral Products ($994M), Vegetable Products ($149M), and Animal Products ($57M).

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.

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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) (2023)

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