New Zealand (NZL) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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New Zealand-Ecuador Trade: In 2023, New Zealand exported $5.18M to Ecuador. The main products that New Zealand exported to Ecuador were Refined Copper ($1.16M), Sowing Seeds ($1.11M), and Copper Bars ($586k). Over the past 5 years the exports of New Zealand to Ecuador have decreased at an annualized rate of 1.28%, from $5.52M in 2018 to $5.18M in 2023.

In 2023, New Zealand did not export any services to Ecuador.

Ecuador-New Zealand Trade: In 2023, Ecuador exported $63M to New Zealand. The main products that Ecuador exported to New Zealand were Bananas ($53.8M), Crustaceans ($4.21M), and Tropical Fruits ($3.14M). Over the past 5 years the exports of Ecuador to New Zealand have increased at an annualized rate of 3.93%, from $52M in 2018 to $63M in 2023.

In 2023, Ecuador did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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, New Zealand exported $5.18M to Ecuador. The main products exported from New Zealand to Ecuador were Refined Copper ($1.16M), Sowing Seeds ($1.11M), and Copper Bars ($586k). During the last 5 years the exports of New Zealand to Ecuador have decreased at an annualized rate of 1.28%, from $5.52M in 2018 to $5.18M in 2023.

In 2018, Ecuador exported $63M to New Zealand. The main products exported from Ecuador to New Zealand were Bananas ($53.8M), Crustaceans ($4.21M), and Tropical Fruits ($3.14M). During the last 5 years the exports of Ecuador to New Zealand have increased at an annualized rate of 3.93%, from $52M in 2023 to $63M in 2018.

Exports from New Zealand () to Ecuador () (2023)

Exports from Ecuador () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Ecuador ()

New Zealand Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from New Zealand than Ecuador included Australia ($5.2B), China ($12.3B), and Japan ($2.62B).

In 2023, countries that imported more from Ecuador than New Zealand included Panama ($4.38B), United States ($8.34B), and Peru ($1.15B).

Difference in imports from Ecuador () and New Zealand () (2023)

Comparative Advantage New Zealand - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Ecuador in the exports of Metals ($1.79M), Vegetable Products ($1.15M), and Machines ($645k).

During 2018, Ecuador had a large net trade with New Zealand in the exports of Vegetable Products ($56.9M), Animal Products ($4.21M), and Foodstuffs ($1.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Ecuador+$211kKaolin Coated Paper

Top Product Potential Ecuador New Zealand+$2.84MCrustaceans

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Ecuador () (2023)

Exports from Ecuador () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Ecuador ()

New Zealand Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and New Zealand () (2023)

Comparative Advantage New Zealand - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Ecuador () (2023)

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