Lesotho (LSO) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Lesotho-Ecuador Trade: In 2023, Lesotho exported $6.59k to Ecuador. The main products that Lesotho exported to Ecuador were Computers ($5.87k), Non-Knit Women's Suits ($705), and Knit Women's Suits ($13). Over the past 5 years the exports of Lesotho to Ecuador have increased at an annualized rate of 10.4%, from $4.03k in 2018 to $6.59k in 2023.

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

Ecuador-Lesotho Trade: In 2023, Ecuador exported $2.25k to Lesotho. The main products that Ecuador exported to Lesotho were Cars ($2.25k). Over the past 5 years the exports of Ecuador to Lesotho have increased at an annualized rate of 1.04%, from $2.14k in 2018 to $2.25k in 2023.

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

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $6.59k to Ecuador. The main products exported from Lesotho to Ecuador were Computers ($5.87k), Non-Knit Women's Suits ($705), and Knit Women's Suits ($13). During the last 5 years the exports of Lesotho to Ecuador have increased at an annualized rate of 10.4%, from $4.03k in 2018 to $6.59k in 2023.

In 2018, Ecuador exported $2.25k to Lesotho. The main products exported from Ecuador to Lesotho were Cars ($2.25k). During the last 5 years the exports of Ecuador to Lesotho have increased at an annualized rate of 1.04%, from $2.14k in 2023 to $2.25k in 2018.

Exports from Lesotho () to Ecuador () (2023)

Exports from Ecuador () to Lesotho () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Lesotho than Ecuador included South Africa ($351M), Belgium ($295M), and Eswatini ($7.34M).

In 2023, countries that imported more from Ecuador than Lesotho included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

Difference in imports from Ecuador () and Lesotho () (2023)

Comparative Advantage Lesotho - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Ecuador in the exports of Machines ($5.87k) and Textiles ($727).

During 2018, Ecuador had a large net trade with Lesotho in the exports of Transportation ($2.25k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Ecuador+$1.62kLow-voltage Protection Equipment

Top Product Potential Ecuador Lesotho+$2.36kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Ecuador () (2023)

Exports from Ecuador () to Lesotho () (2023)

Market Competitiveness

Difference in imports from Ecuador () and Lesotho () (2023)

Comparative Advantage Lesotho - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Ecuador () (2023)

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