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2022
Flag → Flag
Exports $595MRnk 59 / 211
2022
Flag → Flag
Top Product $137MHot-Rolled Iron
2022
Flag → Flag
Exports $582MRnk 12 / 170
2022
Flag → Flag
Top Product $311MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
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GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
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GDP PC GROWTH12.6%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).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥4.09B and imported ¥16.7B from Ecuador, resulting in a negative trade balance of ¥12.6B. Between August 2023 and August 2024 the exports of Japan have increased by ¥197M (5.05%) from ¥3.89B to ¥4.09B, while imports decreased by ¥-4.47B (-21.1%) from ¥21.2B to ¥16.7B.

Trade In August 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 August 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 August 2024 the exports of Japan were mainly from Ōita (¥1.18B), Aichi (¥976M), Kanagawa (¥566M), Ibaraki (¥266M), and Hiroshima (¥262M), while imports destinations were mainly Chiba (¥7.48B), Kagoshima (¥5.01B), Tokyo (¥1.8B), Kanagawa (¥853M), and Osaka (¥521M).

Growth In August 2024, the increase in Japan's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Hot-Rolled Iron (¥1.53B or 532%), Cars (¥961M or 279%), and Motor vehicle (8701 to 8705) chassis... (¥273M or 765%). In August 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 (August 2023 - August 2024)¥197M(5.05%)
IMPORT GROWTH (August 2023 - August 2024)¥-4.47B(-21.1%)
MAIN EXPORTER (August 2024)Ōita¥1.18B

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 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 DestinationUnited States$137B
Ecuador
Top DestinationUnited 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.

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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) (2022)

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