North Macedonia (MKD) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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North Macedonia-Ecuador Trade: In 2023, North Macedonia exported $20.5k to Ecuador. The main products that North Macedonia exported to Ecuador were Precious Metal Compounds ($6.7k), Other Heating Machinery ($5.71k), and Non-Knit Women's Suits ($2.83k). Over the past 5 years the exports of North Macedonia to Ecuador have decreased at an annualized rate of 31.3%, from $134k in 2018 to $20.5k in 2023.

In 2023, North Macedonia did not export any services to Ecuador.

Ecuador-North Macedonia Trade: In 2023, Ecuador exported $18.8M to North Macedonia. The main products that Ecuador exported to North Macedonia were Bananas ($17.3M), Crustaceans ($926k), and Cut Flowers ($254k). Over the past 5 years the exports of Ecuador to North Macedonia have increased at an annualized rate of 16.5%, from $8.76M in 2018 to $18.8M in 2023.

In 2023, Ecuador did not export any services to North Macedonia.

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), 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, North Macedonia exported $20.5k to Ecuador. The main products exported from North Macedonia to Ecuador were Precious Metal Compounds ($6.7k), Other Heating Machinery ($5.71k), and Non-Knit Women's Suits ($2.83k). During the last 5 years the exports of North Macedonia to Ecuador have decreased at an annualized rate of 31.3%, from $134k in 2018 to $20.5k in 2023.

In 2018, Ecuador exported $18.8M to North Macedonia. The main products exported from Ecuador to North Macedonia were Bananas ($17.3M), Crustaceans ($926k), and Cut Flowers ($254k). During the last 5 years the exports of Ecuador to North Macedonia have increased at an annualized rate of 16.5%, from $8.76M in 2023 to $18.8M in 2018.

Exports from North Macedonia () to Ecuador () (2023)

Exports from Ecuador () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Ecuador ()

North Macedonia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from North Macedonia than Ecuador included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

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

Difference in imports from Ecuador () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Ecuador in the exports of Machines ($7.53k), Chemical Products ($6.7k), and Textiles ($2.86k).

During 2018, Ecuador had a large net trade with North Macedonia in the exports of Vegetable Products ($17.5M), Animal Products ($1.04M), and Foodstuffs ($117k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Ecuador+$3.29kRefined Petroleum

Top Product Potential Ecuador North Macedonia+$381kCrustaceans

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Ecuador () (2023)

Exports from Ecuador () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Ecuador ()

North Macedonia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Ecuador () (2023)

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