Thailand (THA) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Thailand-Ecuador Trade: In 2023, Thailand exported $236M to Ecuador. The main products that Thailand exported to Ecuador were Combustion Engines ($46.3M), Cars ($20.8M), and Delivery Trucks ($20M). Over the past 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 5.49%, from $313M in 2018 to $236M in 2023.

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

Ecuador-Thailand Trade: In 2023, Ecuador exported $58.8M to Thailand. The main products that Ecuador exported to Thailand were Crustaceans ($53.2M), Other Iron Products ($1.38M), and Scrap Aluminium ($748k). Over the past 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 42.9%, from $9.88M in 2018 to $58.8M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $236M to Ecuador. The main products exported from Thailand to Ecuador were Combustion Engines ($46.3M), Cars ($20.8M), and Delivery Trucks ($20M). During the last 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 5.49%, from $313M in 2018 to $236M in 2023.

In 2018, Ecuador exported $58.8M to Thailand. The main products exported from Ecuador to Thailand were Crustaceans ($53.2M), Other Iron Products ($1.38M), and Scrap Aluminium ($748k). During the last 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 42.9%, from $9.88M in 2023 to $58.8M in 2018.

Exports from Thailand () to Ecuador () (2023)

Exports from Ecuador () to Thailand () (2023)

Latest Data

Trade between Thailand () and Ecuador ()

Thailand Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Thailand than Ecuador included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Ecuador than Thailand included Panama ($4.38B), Peru ($1.15B), and Chile ($1.11B).

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

Comparative Advantage Thailand - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Ecuador in the exports of Machines ($103M), Transportation ($58.5M), and Plastics and Rubbers ($20M).

During 2018, Ecuador had a large net trade with Thailand in the exports of Animal Products ($53.4M), Metals ($2.68M), and Vegetable Products ($928k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Ecuador+$17.7MCars

Top Product Potential Ecuador Thailand+$3.17MCrustaceans

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

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Historical Data

Bilateral Trade by Products

Exports from Thailand () to Ecuador () (2023)

Exports from Ecuador () to Thailand () (2023)

Latest Data

Trade between Thailand () and Ecuador ()

Thailand Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Thailand - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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