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2022
Flag → Flag
Exports $607MRnk 11 / 170
2022
Flag → Flag
Top Product $232MCrustaceans
2022
Flag → Flag
Exports $899MRnk 66 / 221
2022
Flag → Flag
Top Product $322MCoal Tar Oil
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Ecuador-Italy Trade: In 2022, Ecuador exported $607M to Italy. The main products that Ecuador exported to Italy were Crustaceans ($232M), Bananas ($124M), and Processed Fish ($115M). Over the past 5 years the exports of Ecuador to Italy have increased at an annualized rate of 0.81%, from $583M in 2017 to $607M in 2022.

In 2022, Ecuador did not export any services to Italy.

Italy-Ecuador Trade: In 2022, Italy exported $899M to Ecuador. The main products that Italy exported to Ecuador were Coal Tar Oil ($322M), Refined Petroleum ($208M), and Refrigerators ($15.7M). Over the past 5 years the exports of Italy to Ecuador have increased at an annualized rate of 27%,  from $272M in 2017 to $899M in 2022.

In 2022, Italy did not export any services to Ecuador.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $52.6M and imported $32.8M from Italy, resulting in a positive trade balance of $19.9M. Between December 2020 and December 2021 the exports of Ecuador have increased by $18.7M (55.3%) from $33.9M to $52.6M, while imports increased by $9.46M (40.6%) from $23.3M to $32.8M.

Trade In December 2021, the top exports of Ecuador to Italy were Cut Flowers ($21.8M), Bananas ($15M), Crustaceans ($9.55M), Processed Fish ($6.25M), and Cocoa Beans ($2.64M). In December 2021 the top imports of Ecuador from Italy were Packaged Medicaments ($1.64M), Liquid Pumps ($1.38M), Liquid Dispersing Machines ($1.33M), Washing and Bottling Machines ($765k), and Apples and Pears ($611k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($47.6M), Manta ($2.75M), Puerto Bolívar ($1.56M), Guayaquil-Aéreo ($480k), and Quito ($209k), while imports destinations were mainly Guayaquil-Marítimo ($26.3M), Quito ($4.7M), Guayaquil-Aéreo ($1.22M), Manta ($281k), and Cuenca ($194k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Italy was explained primarily by an increase in product exports in Cut Flowers ($8.24M or 60.6%), Cocoa Beans ($1.25M or 89.8%), and Buttons ($55k or 1.18k%). In December 2021, the increase in Ecuador's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Liquid Dispersing Machines ($1.14M or 594%), Other Agricultural Machinery ($544k or 1.05k%), and Liquid Pumps ($526k or 61.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$18.7M(55.3%)
IMPORT GROWTH (December 2020 - December 2021)$9.46M(40.6%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$47.6M

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Italy and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $607M to Italy. The main products exported from Ecuador to Italy were Crustaceans ($232M), Bananas ($124M), and Processed Fish ($115M). During the last 5 years the exports of Ecuador to Italy have increased at an annualized rate of 0.81%, from $583M in 2017 to $607M in 2022.

In 2017, Italy exported $899M to Ecuador. The main products exported from Italy to Ecuador were Coal Tar Oil ($322M), Refined Petroleum ($208M), and Refrigerators ($15.7M). During the last 5 years the exports of Italy to Ecuador have increased at an annualized rate of 27%, from $272M in 2022 to $899M in 2017.

Exports from Ecuador (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Ecuador (Flag) (2022)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Ecuador than Italy included Panama ($4.97B), Peru ($1.02B), and Curaçao ($64.1M).

In 2022, countries that imported more from Italy than Ecuador included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy (Flag) and Ecuador (Flag) (2022)

Comparative Advantage Ecuador - Italy

Flow
Scale

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

During 2022, Ecuador had a large net trade with Italy in the exports of Animal Products ($237M), Vegetable Products ($167M), and Foodstuffs ($161M).

During 2017, Italy had a large net trade with Ecuador in the exports of Mineral Products ($530M), Machines ($134M), and Chemical Products ($56.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Italy+$26.6MGold
Top Product Potential Italy Ecuador+$27.3MRefined 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 Ecuador and Italy. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Italy (Flag) (2022)

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